On September 20th, the Bureau of Consumer Financial Protection announced that July 21st, 2011 will be the date on which certain authorities will transfer from other agencies to the CFPB and the CFPB will be able to exercise certain additional, new authorities under the Consumer Financial Protection Act and other laws. 75 FR 57252. On September 22nd, Reuters reported that Treasury Secretary Timothy Geithner has said that the CFPB will not have new consumer rules prior to July 2011. Geithner Comments.