Consumer Financial Civil Penalty Fund Rule Amendment

Key Points

• 1The CFPB collects penalties from banks and financial companies that violate consumer protection rules
• 2This proposed rule changes how the agency manages and distributes the penalty fund to help consumers harmed by financial misconduct
• 3The public has until July 19, 2025 to submit comments on the proposed changes before the rule becomes final
• 4The changes could affect how quickly and effectively money reaches consumers who were victims of unfair or deceptive financial practices
• 5This rule matters to anyone who has had problems with banks, credit card companies, or other financial institutions

Key Dates