Proposed Rule
18 Jun 2025
regulatory compliance, consumer protection, financial services, administrative practice and procedure, cfpb, authority delegations (government agencies), organization and functions (government agencies), civil penalty fund
🏦Analysis of Consumer Financial Civil Penalty Fund Rule Amendment
The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to amend its 2013 rule implementing the provision of the Consumer Financial Protection Act of 2010 (CFPA or Act) that establishes a Consumer Financial Civil Penalty Fund (Civil Penalty Fund). Under the CFPA, the Civil Penalty Fund may be used for payments to victims of activities subject to civil penalties; to the extent victims cannot be located or payments are not practicable, the Bureau may use funds for consumer education and financial literacy programs. This proposed rule would remove references to allocating funds for consumer education and financial literacy programs.
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