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Even though the customer Financial Protection Bureau (CFPB) had slowed its enforcement

Even though the customer Financial Protection Bureau (CFPB) had slowed its enforcement

CFPB continues to be an Enforcer

Even though customer Financial Protection Bureau (CFPB) had slowed its enforcement actions dramatically in 2018, a few actions have already come out of this bureau within the last few months including a settlement that is recent USAA Federal Savings Bank (USAA), a federally chartered savings association headquartered in San Antonio, Texas, with about $80.5 billion as a whole assets. The bank agreed to the terms of the order, to provide over $12 million in restitution and pay a $3.5 million civil money penalty without admitting or denying any of the alleged violations outlined in the 39-page consent order.