CFPB Investigations Lack Fairness, Trade Group Says
Scotsman Guide, May 1, 2018–Victor Whitman
The Mortgage Bankers Association said the Consumer Financial Protection Bureau should set down a clear process for initiating an investigation under its Civil Investigative Demand (CID) process. Among the changes, CFPB investigators should be required to limit the scope to specific allegations of wrongdoing, and establish a fairer process and a reasonable timeframe for companies to respond.
