12 CFR § 1001.1 - Authority and purpose.

---
identifier: "/us/cfr/t12/s1001.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1001.1 - Authority and purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "1001.1"
section_name: "Authority and purpose."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1001"
part_name: "FINANCIAL PRODUCTS OR SERVICES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5481(15)(A)(xi); and 12 U.S.C. 5512(b)(1)."
regulatory_source: "80 FR 37526, June 30, 2015, unless otherwise noted."
cfr_part: "1001"
---


# 1001.1 Authority and purpose.

Under 12 U.S.C. 5481(15)(A)(xi), the Bureau is authorized to define certain financial products or services for purposes of title X of the Dodd-Frank Act, Public Law 111-203, 124 Stat. 1376 (2010) (Title X) in addition to those defined in 12 U.S.C. 5481(15)(A)(i)-(x). The purpose of this part is to implement that authority.