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.

Source: American Bar Association Business Law Section’s Consumer Financial Services Committee