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Difference between an enforcement action and a consent decree

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

First published on 07/21/2019

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