CFPB Acting Director Proposes Restrictions on Civil Penalty Fund Usage

Pieter Gunst01 mins

The acting Director of the Consumer Financial Protection Bureau, Russell Vought, has advanced a proposal to limit the use of the agency’s civil penalty fund, particularly when it comes to financing consumer education and financial literacy programs. This proposal forms part of a series of draft regulatory modifications that were made publicly available on Tuesday. You can read more about these proposed changes in the original article on Law360.