CORRECTED-CFPB to focus less on imposing penalties on companies, WSJ reports
ReutersApr 16, 2025 10:58 PM
WASHINGTON, April 16 (Reuters) - Consumer Financial Protection Bureau Chief Legal Officer Mark Paoletta said on Wednesday the bureau will focus on redressing "tangible harm" by getting money back directly to consumers rather than imposing penalties on companies, according to a memo posted by a Wall Street Journal reporter on X.
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