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CFPB files petition to enforce CID against structured settlements purchaser
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Case Law, Corporate Governance
Tuesday, June 21, 2016
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The Consumer Financial Protection Bureau filed a petition to enforce a civil investigative demand against J.G. Wentworth, LLC on June 7 in the U.S. District Court for the Eastern District of Pennsylvania. Wentworth purchases structured settlements and annuities from consumers for lump sums and received the initial demand in September 2015. Despite communications back and forth, Wentworth ultimately decided not to respond to the bureau’s demands. Read on to learn more.
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