Responding to Consumer Financial Protection Bureau (CFPB) Civil Investigative Demands

Summary

This practice note is intended to assist individuals, insured depository institutions (IDIs), financial technology (Fintech) firms, and other nonbank entities that are or may become targets of civil investigative demands (CIDs). In addition to providing an overview of the CID process and the CFPB (or the Bureau) supervisory authority, this practice note outlines the roles and responsibilities of legal counsel and witnesses under federal laws and regulations.