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"Steps toward greater clarity in CFPB investigations" by Aaron C. Mahler and Brendan Clegg (Bloomberg Law)

Bloomberg Law

Aaron C. Mahler

Companies once left to contemplate frustratingly broad civil investigative demands from the Consumer Financial Protection Bureau may soon get a bit more clarity about the purpose behind them.

The CFPB recently announced it would take steps to better identify the conduct and activities it is investigating when issuing a CID—steps likely to be welcomed by CID recipients, and ones that potentially signal additional changes in the near future to how the CFPB operates. 

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