Government Posts

Tips for Administering Regulatory Settlements

A regulatory settlement is an agreement between a defendant and a regulatory body, such as the Federal Trade Commission (FTC), the Department of Justice (DOJ), or the Department of Labor (DOL), to bring a formal investigation to an end. A regulatory settlement is not a class action lawsuit. State regulatory agreements can be settled with an Assurance of Discontinuance, while federal regulatory agreements are settled with a Consent Order. A regulatory settlement offers flexibility beyond normal disciplinary sanctions. The regulated…

How to Administer a Complex Government Enforcement Action

In 2013, Ally Financial Inc. and Ally Bank (Ally) entered into Consent Orders with the Consumer Financial Protection Bureau and with the United States through the Civil Rights Division of the Department of Justice. In its complaint, the United States alleged that Ally engaged in a pattern or practice of discrimination on the basis of race and national origin in violation of the Equal Credit Opportunity Act (ECOA). The allegation was based on the interest rate “dealer markup” paid by…

In addition to the insights you’ll find in our blog, you can learn more about services offered by Heffler Claims for government class action administration on our practice area page.