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CFPB shoots down CID appeals
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Consumer Protection
Tuesday, July 26, 2016
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Consumer Financial Protection Bureau (CFPB) Director Richard Cordray has within the past few months denied petitions from two companies to modify or set aside their civil investigative demands, finding they failed to demonstrate that their requests are overbroad or impose an undue burden, and shooting down their objections to the bureau’s enforcement authority. Here’s what the companies had to say about the demands issued by the CFPB, and what the bureau had to say about it.
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