Payday lender Checksmart Financial Company recently petitioned the CFPB to modify or set aside a civil investigative demand it received from the bureau. According to a copy of the petition, the CFPB “has commenced a nonpublic investigation ‘to determine whether payday lenders, check cashers, their affiliates, or other unnamed persons have been or are engaging in unlawful acts or practices in connection with the origination of payday loans and the cashing of payday loan proceed checks ... and whether bureau action is warranted.’”...