Bloomberg News
The rule will allow CFPB to distribute funds to victims in a "transparent, responsible way," Cordray said.

CFPB Clarifies How it Will Use Civil Penalty Fund

The agency issued a rule Friday attempting to clarify how it would use its Civil Penalty Fund, which holds money it collects as a result of fines against financial companies.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.