Published Article

Regulatory Consumer Protection

August 6, 2013

Investigations Quarterly Magazine, Volume 1, Issue14David Dugas introduces readers to the Consumer Financial Protection Bureau (CFPB) and its broad enforcement authority over potential violations of federal consumer finance laws. The author discusses the agency’s fast track approach toward conducting regulatory investigations. Companies which receive a formal notice of a CFPB investigation are expected to understand the agency’s investigatory process and to mobilize resources quickly in order to respond to agency requests. The pace and type of information that companies must produce are in many ways similar to discovery requests prepared under the Federal Rules of Civil Procedure.