Consent order
A settlement in which a firm agrees to an order, often with penalties and remediation, without admitting or denying the findings.
Overview
Consent orders typically require specific remediation, independent reviews, reporting to the regulator and sometimes monitors. Failing to meet them can lead to further enforcement.
It connects most directly to Enforcement action, Remediation requirement and Corrective action plan.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
A consent order sets a firm’s compliance agenda for years.
Who it affects
Banks, fintechs and other regulated firms.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to Consent order. Select one to open it.
What to do about it
- 1Link the action to the obligations it cites.
- 2Ask whether your controls would have caught the same failing.
- 3Remediate any gap and record the decision.
- 4Keep evidence that the fix is working.
From requirement to evidence.
Each consent order requirement becomes an obligation with evidence the regulator can review.
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