To amend the Consumer Financial Protection Act of 2010 to reform the Consumer Financial Civil Penalty Fund and to prohibit the Bureau of Consumer Financial Protection from serving as the administrator of redress payments, and for other purposes.
USA115th CongressHR-6163| House
| Updated: 6/20/2018
Alexander X. Mooney
Republican Representative
West Virginia
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill amends the Consumer Financial Protection Act of 2010 to modify the uses of civil penalties assessed under federal consumer financial laws. Specifically, amounts shall be paid to individuals who first notified the Consumer Financial Protection Bureau of violations, and excess funds must be returned to the Treasury (under current law, amounts are available as payments to victims of violations).
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Administrative remediesCivil actions and liabilityConsumer affairsFraud offenses and financial crimes
To amend the Consumer Financial Protection Act of 2010 to reform the Consumer Financial Civil Penalty Fund and to prohibit the Bureau of Consumer Financial Protection from serving as the administrator of redress payments, and for other purposes.
USA115th CongressHR-6163| House
| Updated: 6/20/2018
This bill amends the Consumer Financial Protection Act of 2010 to modify the uses of civil penalties assessed under federal consumer financial laws. Specifically, amounts shall be paid to individuals who first notified the Consumer Financial Protection Bureau of violations, and excess funds must be returned to the Treasury (under current law, amounts are available as payments to victims of violations).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Alexander X. Mooney
Republican Representative
West Virginia
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative remediesCivil actions and liabilityConsumer affairsFraud offenses and financial crimes