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CFPB’s 2015 penalties top first three years combined
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Consumer Protection
Friday, November 20, 2015
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In its annual financial report, the Consumer Financial Protection Bureau reported that it collected more civil penalties in fiscal 2015 than it did in its first three years of operations. And yet the bureau has distributed only 6.8 percent of all money collected to victims. Read on for details of how much the bureau has secured in penalties, and what it plans to do with it.
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