of the Bureau of Consumer Financial Protection before the amendments made by this title take effect. (c) Transition The Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection shall, upon the date on which the first Inspector General of the Bureau of Consumer Financial Protection is confirmed by the Senate, become the Inspector General of the Board of Governors of the Federal Reserve System. IV CFPB Dual Mandate and Economic Analysis Act 401. Short title This title may be cited as the CFPB Dual Mandate and Economic Analysis Act . 402. Purpose Section 1021(a) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5511(a) ) is amended— (1) by striking fair, transparent, and competitive and inserting: fair and transparent