Three Things Companies Hate About the CFPB's Investigative Demands

Eric Mogilnicki is quoted by The National Law Journal in an article regarding the CFPB's investigative demands. Commenting on the time crunch, Mogilnicki says, “That timetable is too fast, especially when the [civil investigative demand] includes a laundry list of requests that require detailed investigation to determine what documents are available.” He adds, “By both providing a short time for an appeal and requiring a detailed factual record to support that appeal, the bureau’s rule stacks the deck against anyone who wishes to oppose a CID.”