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CFPB to cut civil penalty fund's use for financial literacy

Summary by American Banker
The Consumer Financial Protection Bureau is proposing a rule that would bar its civil penalty fund from paying for financial literacy programs and consumer education.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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American BankerAmerican Banker

CFPB to cut civil penalty fund's use for financial literacy

The Consumer Financial Protection Bureau is proposing a rule that would bar its civil penalty fund from paying for financial literacy programs and consumer education.

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American Banker broke the news in on Thursday, June 19, 2025.
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