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What's a 'consent decree'? It's an agreement or settlement that resolves a legal dispute between two parties without the admission of guilt or liability.
Consent decrees, which are legally binding agreements between the government and law enforcement agencies that have been found to have routinely engaged in a pattern or practice of misconduct, such as the use of excessive violence, have been negotiated in cities such as Ferguson, Baltimore, Chicago, and Los Angeles.
Consent Orders (CO) are binding legal orders issued by financial regulators that force receiving institutions to formally address significant violations of regulatory standards.
The FTC (Federal Trade Commission) is a United States federal regulatory agency designed to monitor and prevent anticompetitive, deceptive or unfair business practices.
1 A consent decree is a negotiated agreement entered as a court order that is enforceable by the court. A settlement agreement is an out-of-court resolution that requires a signed agreement, or memorandum of understanding, and performance by the defendant.