Fund

Financial Services and Consumer Protection Fund

MOU effective 31 October 2012: purpose-limited segregated resources for investigation, experts and training. Five-judgment USD 15m wording preserved without inferring aggregate USD 75m received.

What the records show

Financial Services and Consumer Protection FundNAAG member AG offices

may finance qualifying investigations and training

MOU effective 31 October 2012; later amendments and present committee applicability unknown.

MOU permits investigation/prosecution expenses, experts, consulting and education with segregated purpose limits, conditional recovery-based repayment and education/travel exceptions. Applications and finance bills/receipts supply expenditure trail; no named later grantee or actual payment established.

Financial Services Fund five-AG special committeeFinancial Services and Consumer Protection Fund

approves grants using size and party thresholds

MOU effective 31 October 2012; later amendments and present committee applicability unknown.

At least USD 5,000: three votes; smaller: two votes from different parties. Principal available; decisions final without appeal. Not a claim that today’s consolidated body uses this unamended rule.

Financial Services and Consumer Protection FundNational Association of Attorneys General

authorizes annual administration fee at fiscal close

MOU effective 31 October 2012; later amendments and present committee applicability unknown.

MOU authorizes 1.0% of total fund value at NAAG fiscal-year close. Current balance, fee application and payment not obtained; unlike VW, no dissolution-to-General-Fund clause is imported.

Further reading

NAAG settlement resources: bounded finance return

Read the original source 1

What the connections say

3 relationships
1

Financial Services Fund five-AG special committeeapproves grants using size and party thresholdsFinancial Services and Consumer Protection Fund

MOU effective 31 October 2012; later amendments and present committee applicability unknown.

At least USD 5,000: three votes; smaller: two votes from different parties. Principal available; decisions final without appeal. Not a claim that today’s consolidated body uses this unamended rule.

Read the original source 1
2

Financial Services and Consumer Protection Fundmay finance qualifying investigations and trainingNAAG member AG offices

MOU effective 31 October 2012; later amendments and present committee applicability unknown.

MOU permits investigation/prosecution expenses, experts, consulting and education with segregated purpose limits, conditional recovery-based repayment and education/travel exceptions. Applications and finance bills/receipts supply expenditure trail; no named later grantee or actual payment established.

Read the original source 1
3

Financial Services and Consumer Protection Fundauthorizes annual administration fee at fiscal closeNational Association of Attorneys General

MOU effective 31 October 2012; later amendments and present committee applicability unknown.

MOU authorizes 1.0% of total fund value at NAAG fiscal-year close. Current balance, fee application and payment not obtained; unlike VW, no dissolution-to-General-Fund clause is imported.

Read the original source 1