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Report details CFPB’s Civil Penalty distribution process
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Corporate Governance, Dodd-Frank Basics
Friday, January 29, 2016
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Shortly before the House Financial Services Committee released a report detailing how fair-lending penalties paid into the Consumer Financial Protection Bureau’s Civil Penalty Fund by Ally Bank may be distributed to non-minority consumers, the Office of the Inspector General had released a report detailing its own findings of the bureau’s distribution process.
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