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View Diary: Richard Cordray has been confirmed to lead the CFPB (66 comments)

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  •  Joan? Seventy bucks? (1+ / 0-)
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    The CFPB hasn't just been sitting around twiddling its collective thumbs while waiting for a permanent director. So far, "CFPB enforcement actions have resulted in $425 million in refunds to approximately 6 million consumers who were subject to deceptive financial practices"
    So after all the hoopla, CFPB's efforts resulted in $70.83 refund to (on average) 6 million consumers.   This feels to me like a very small amount. Were the offending companies also fined?

    don't always believe what you think

    by claude on Tue Jul 16, 2013 at 05:37:59 PM PDT

    [ Parent ]

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