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Question:
What is the difference between an enforcement action and a consent decree?
Answer:
Enforcement action is a broad term. An enforcement action can include, for example a cease and desist order, a removal orders or a civil monetary penalty. A consent order is an enforcement action agreed to by the financial institution rather than being enforced by the courts.
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Learn more about Jack Holzknecht and Robin Cooper webinar Lessons Learned - Recent Lending Compliance Enforcement Actions
See Also
Enforcement Actions & Legal DevelopmentsWarning Letters | Consumer Financial Protection BureauIf a credit reporting error is corrected, how long will it take before I find out the results? | Consumer Financial Protection BureauConsumer Complaint Program | Consumer Financial Protection Bureau
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