September 11, 2018
Partner Allen Denson comments on Fifth Circuit CFPB rejection of CID
On September 7, Law360 reported that the U.S. Court of Appeals Fifth Circuit's rejected of the Consumer Financial Protection Bureau's (CFPB) petition to enforce its Civil Investigative Demand (CID) to Texas-based public records search company, The Source for Public Data. This was only the second time that an appeals court has declined to enforce the CFPB's CID. Partner Allen Denson called this a "significant decision," noting that the decision may offer some ammunition to other companies that are trying to get CIDs set aside. Allen and Partner Becki Kuehn wrote the amicus brief filed by the National Association of Background Screeners in support of Public Data.
Allen represents clients before the CFPB, FTC, DOJ, federal prudential regulators, as well as state attorneys general and financial regulatory agencies. Attorneys in Hudson Cook's Government Investigations, Examinations and Enforcement practice area provide experienced support to consumer financial services companies and others facing government scrutiny.