CFPB Remedies – Some Judicial Guideposts on Restitution and Penalties

The Dodd-Frank Act provides the Consumer Financial Protection Bureau (“CFPB”) with authority to obtain a broad range of legal and equitable remedies, as well as civil money penalties. Our recent Legal Update discusses a recent opinion from the 7th Circuit in CFPB v. Consumer First Legal Group, LLC, which provides critical judicial guideposts for how and when these remedies apply. This decision should play an important role in future CFPB enforcement actions. The Legal Update can be found here.