Code · BILL · 118th Congress · H.R. 6789 (Introduced in House) — To amend the Consumer Financial Protection Act of 2010 to clarify standards for UDAAP enforcement actions brought by... · Sec. 2

Sec. 2. Mitigating factors in assessing civil penalties

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Section 1055(c) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5565(c) ) is amended by adding at the end the following: The Bureau shall, not later than 180 days after the date of the enactment of this paragraph, issue a rule that establishes policies and procedures relating to the imposition of civil monetary penalties sought under this subsection, including the application of the mitigating factors described in paragraph (3). .

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U.S. Code

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§ 5565

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Sec. 2

Mitigating factors in assessing civil penalties

U.S.C.§ 5565

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