Federal Consumer Protection Methods: CFPB’s Investigational Hearings
Author: J.H. Jennifer Lee.; Julia Johnson.; Jodi Tai.
Source: Volume 35, Number 10, October 2019 , pp.123-131(9)
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Abstract:
When the CFPB receives information leading it to suspect that a covered entity has engaged in a violation of a consumer finance protection law, it may initiate an investigational hearing. The authors set out the background and legal framework governing such hearings, and suggest practical tips for entities and witnesses summoned to testify.Keywords: CFPB Power to Conduct Enforcement Activity; CFPB Investigational Hearings; Civil Investigative Demands; Preparing for an Investigational Hearing
Affiliations:
1: Arent Fox LLP; 2: Arent Fox; 3: Arent Fox.