Remedies and Fines in Government Enforcement Actions

Katherine Armstrong recently spoke at the American Bar Association (ABA) Business Law Section’s Consumer Financial Services Committee in Park City, Utah. Katherine was part of a panel titled, “Remedies and Fines in Government Enforcement Actions.” Panelists discussed how government agencies, such as the CFPB and FTC, approach remedies and fines in government enforcement actions.

Topics included:

• How agencies measure consumer harm and restitution for violations of consumer financial laws, such as laws prohibiting UDAAPs
• How agencies use injunctive relief to prevent future wrongdoing and set industry standards
• How agencies calculate and use civil money penalties and fines to maximize deterrence
• Remedies and fines in recent government enforcement actions
• Impact of choice of forum on remedies and fines

Other panelists included Natalie Williams of CFPB, Ori Lev of K&L Gates LLP, and Kerry O’Brien of the Federal Trade Commission.