Sentences with phrase «civil penalty fund»

Federal civil penalty fund pays refunds to scam victims — The Consumer Financial Protection Bureau's civil penalty fund has allocated nearly half a billion dollars for victims of scams that were too broke to make refunds... (See Civil penalty fund and scam victims)

CarHop and Universal Acceptance Corporation will pay a $ 6,465,000 penalty to the CFPB's Civil Penalty Fund.

Of the total fines, $ 100 million will go toward the CFPB's Civil Penalty Fund, $ 35 million will go to the Office of the Comptroller of the Currency, and another $ 50 million will be paid to the City and County of Los Angeles.

So $ 500M goes to the Consumer Financial Protection Bureau (CFPB), which will go into their civil penalties fund.

Not exact matches

The corporate watchdog has begun civil penalty proceedings against Padbury Mining and two of its directors over statements made last year claiming the company had lined up $ 6 billion in equity to fund construction of a port and rail network at Oakajee north of Geraldton.

The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California (USAO - NDCA), assessed a $ 700,000 civil money penalty recently against Ripple Labs Inc. and its whollyowned subsidiary, XRP II, LLC (formerly known as XRP Fund II, LLC).

«This issue is too important to abandon,» Singas wrote Thursday, «so I am renewing the call for legislation that sets clear guidelines for proper taxpayer - funded mass communication and that provides for civil and criminal penalties for abuse.»

Yarmuth's bill proposes establishing the public fund with a combination of federal tax money, voluntary contributions from citizens and the proceeds from federal civil penalties.

All civil penalties shall be paid into the special fund set up by the State Treasurer pursuant to Section 5 - 2A - 20 and used in the supervision and examination of licensees.

The money will be used to pay student borrowers harmed by the unlawful lawsuits, the U.S. Treasury for relinquished funds, and a civil money penalty.

«When collected, the civil penalty shall be payable, as appropriate to the consumer or to the general fund of whichever governmental entity brought the action to assess the civil penalty.»

We are working with Congress to ensure that the Secretary has the necessary funds to secure voluntary compliance through education and technical assistance, to investigate complaints and conduct compliance reviews, to provide states with exception determinations, and to use civil and criminal penalties when necessary.

We will work with Congress to ensure that the Department has the necessary funds to secure voluntary compliance through education and technical assistance, to investigate complaints and conduct compliance reviews, to provide states with exception determinations and to use civil and criminal penalties when necessary.

Notwithstanding the provisions of s. 318.121, a board of county commissioners may require, by ordinance, that the clerk of the court collect an additional $ 5 with each civil traffic penalty, which shall be used to fund driver education programs in public and nonpublic schools.

If a person makes an election to attend a basic driver improvement course under this subsection, 18 percent of the civil penalty imposed under s. 318.18 (3) shall be deposited in the State Courts Revenue Trust Fund; however, that portion is not revenue for purposes of s. 28.36 and may not be used in establishing the budget of the clerk of the court under that section or s. 28.35.

Moneys received from the mandatory civil penalties imposed pursuant to this subsection upon persons required to appear before a designated official pursuant to s. 318.19 (1) or (2) shall be remitted to the Department of Revenue and deposited into the Department of Health Emergency Medical Services Trust Fund to provide financial support to certified trauma centers to assure the availability and accessibility of trauma services throughout the state.