Section 1033.101 - Authority, purpose, and organization(a)Authority. The regulation in this part is issued by the Consumer Financial Protection Bureau (CFPB) pursuant to the Consumer Financial Protection Act of 2010 (CFPA), Public Law 111-203 , tit. X, 124 Stat. 1955.(b)Purpose. This part implements the provisions of section 1033 of the CFPA, in part, by utilizing industry standards developed by standard-setting bodies recognized by the CFPB.(c)Organization. This part is organized as follows: (1) Subpart A establishes the authority, purpose, organization, and definitions applicable to this part, and is reserved for other purposes.(2) Subpart B is reserved.(3) Subpart C is reserved.(4) Subpart D is reserved.(5) Appendix A provides instructions for how a standard-setting body would apply for CFPB recognition.