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CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case

December 05, 2024
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CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case

December 05, 2024
The Consumer Financial Protection Bureau (CFPB) has begun distributing $1.8 billion to 4.3 million consumers a year after securing a legal judgment saying that companies had violated the Telemarketing Sales Rule’s advance fee prohibition. These payments to the victims make up the largest-ever distribution from the CFPB’s victims relief fund, the regulator said in a […]