Bureau Takes Hard Line Again On CIDs, This Time With Next Gen
November 12, 2012
The CFPB recently refused to modify or set aside a civil investigative demand (CID) issued to Next Generation in connection with an investigation of the companyfs debt settlement services business. The bureau indicated in its decision and order that the probe was trying to ascertain whether companies engaged in unlawful acts or practices in the advertising, marketing or sale of debt settlement services. The CID, which the CFPB issued on Aug. 3, 2012, instructed Next Generation to appear for an investigational...