# 12 CFR § 1041.1: Authority and purpose

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.1

## Section

- **Citation:** 12 CFR § 1041.1
- **Heading:** Authority and purpose
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU > PART 1041—PAYDAY, VEHICLE TITLE, AND CERTAIN HIGH-COST INSTALLMENT LOANS > Subpart A—General

## Text

(a) Authority. The regulation in this part is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5481, et seq.).
(b) Purpose. The purpose of this part is to identify certain unfair and abusive acts or practices in connection with certain consumer credit transactions and to set forth requirements for preventing such acts or practices. This part also prescribes requirements to ensure that the features of those consumer credit transactions are fully, accurately, and effectively disclosed to consumers.
[82 FR 54871, Nov. 17, 2017, as amended at 85 FR 44444, July 22, 2020]

## Nearby sections

- [12 CFR § 1041.1 § 1041.1 Authority and purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.1.md)
- [12 CFR § 1041.2 § 1041.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.2.md)
- [12 CFR § 1041.3 § 1041.3 Scope of coverage; exclusions; exemptions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.3.md)
- [12 CFR § 1041.7 § 1041.7 Identification of unfair and abusive practice.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.7.md)
- [12 CFR § 1041.8 § 1041.8 Prohibited payment transfer attempts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.8.md)
- [12 CFR § 1041.9 § 1041.9 Disclosure of payment transfer attempts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.9.md)
- [12 CFR § 1041.12 § 1041.12 Compliance program and record retention.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.12.md)
- [12 CFR § 1041.13 § 1041.13 Prohibition against evasion.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.13.md)
- [12 CFR § 1041.14 § 1041.14 Severability.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.14.md)
- [12 CFR § 1041.15 § 1041.15 Effective and compliance dates.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1041.1. Check the current official text before relying on it. Not legal advice.