usc 12 § 5586
Interim authority of the Secretary (BANKS AND BANKING (12 U.S.C.))
Operative Text
The Secretary is authorized to perform the functions of the Bureau under this part until the Director of the Bureau is confirmed by the Senate in accordance with . The Department of the Treasury may provide administrative services necessary to support the Bureau before the designated transfer date.
Under 12 U.S.C. § 5586, the Secretary of the Treasury holds temporary authority to carry out the Consumer Financial Protection Bureau's functions during the period before a Senate-confirmed Director is in place. Additionally, the Department of the Treasury is permitted to supply administrative support services to the Bureau prior to the official transfer date established by law. This provision essentially bridges the gap between the Bureau's creation and its full operational independence under confirmed leadership.
Plain English — not legal advice.
While 12 U.S.C. § 5586 primarily governs the federal administrative structure of the CFPB rather than landlord-tenant relationships directly, property owners and managers who are subject to consumer financial regulations should be aware that the Bureau's rules and oversight functions remained in effect during this interim period. Compliant operators generally monitor which federal agency holds enforcement authority at any given time, since regulatory guidance and complaint processes may flow through different offices during transitional periods. Staying current with any notices or guidance issued under interim authority helps ensure ongoing compliance with applicable federal consumer financial rules.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under 12 U.S.C. § 5586, the CFPB's consumer protection functions were active and enforceable even before a permanent Director was confirmed, meaning tenant protections tied to federal consumer financial laws were not suspended during this transition. Tenants who believe their rights under CFPB-related regulations were affected during this interim period can look into filing a complaint directly with the CFPB, contacting a local tenant-rights organization, or consulting a housing counselor familiar with federal consumer financial protections. Understanding that the Bureau operated under interim authority during this window can be relevant context when reviewing the timeline of any federal regulatory action.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 13, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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