Consumer Financial Civil Penalty Fund (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)

Consumer Financial Civil Penalty Fund (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition) The Law Library presents the complete text of the Consumer Financial Civil Penalty Fund (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition). Updated as of May 29, 2018 The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act or Act) establishes a "Consumer Financial Civil Penalty Fund" (Civil Penalty Fund) into which the Consumer Financial Protection Bureau (Bureau) must deposit any civil penalty it obtains against any person in any judicial or administrative action under Federal consumer financial laws. Under the Act, funds in the Civil Penalty Fund may be used for payments to the victims of activities for which civil penalties have been imposed under Federal consumer financial laws. In addition, to the extent that such victims cannot be located or such payments are otherwise not practicable, the Bureau may use funds in the Civil Penalty Fund for the purpose of consumer education and financial literacy programs. This rule implements the relevant statutory provisions by articulating the Bureau's interpretation of what kinds of payments to victims are appropriate and by establishing procedures for allocating funds for such payments to victims and for consumer education and financial literacy programs. This book contains: - The complete text of the Consumer Financial Civil Penalty Fund (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition) - A table of contents with the page number of each section

• | Author: The Law The Law Library
• | Publisher: CreateSpace Independent Publishing Platform
• | Publication Date: Jun 10, 2018
• | Number of Pages: 38 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1721039023
• | ISBN-13: 9781721039029