This title,[1] other than sections 1044 through 1048,[1] may not be construed as annulling, altering, or affecting, or exempting any person subject to the provisions of this title [1] from complying with, the statutes, regulations, orders, or interpretations in effect in any State, except to the extent that any such provision of law is inconsistent with the provisions of this title,[1] and then only to the extent of the inconsistency.
For purposes of this subsection, a statute, regulation, order, or interpretation in effect in any State is not inconsistent with the provisions of this title 1 if the protection that such statute, regulation, order, or interpretation affords to consumers is greater than the protection provided under this title.1 A determination regarding whether a statute, regulation, order, or interpretation in effect in any State is inconsistent with the provisions of this title 1 may be made by the Bureau on its own motion or in response to a nonfrivolous petition initiated by any interested person.
No provision of this subsection shall be construed as exempting the Bureau from complying with subchapter II of chapter 5 of title 5.
For purposes of this subsection, the term “consumer protection regulation” means a regulation that the Bureau is authorized to prescribe under the Federal consumer financial laws.