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Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 1071.304: Settlement.

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Where this section sits in the code
  1. Title 12—Banks and Banking
  2. CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU
  3. PART 1071—RULE IMPLEMENTING EQUAL ACCESS TO JUSTICE ACT
  4. Subpart C—Procedures for Considering Applications

The applicant and Bureau counsel may agree on a proposed settlement of the award before final action on the application, either in connection with a settlement of the underlying proceeding or after the underlying proceeding has been concluded, in accordance with the Bureau's standard settlement procedures. If a prevailing party and Bureau counsel agree on a proposed settlement of an award before an application has been filed, the application shall be filed with the proposed settlement. If a proposed settlement of an underlying proceeding provides that each side shall bear its own expenses and the settlement is accepted, no application may be filed.

Collected 2026-08-27T02:24:16Z. Source file · JSON

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