{"id":43186,"date":"2022-07-28T13:53:03","date_gmt":"2022-07-28T18:53:03","guid":{"rendered":"https:\/\/federal-lawyer.com\/?page_id=43186"},"modified":"2025-04-02T02:23:54","modified_gmt":"2025-04-02T07:23:54","slug":"responding-to-a-cfpb-civil-investigative-demand-cid","status":"publish","type":"page","link":"https:\/\/federal-lawyer.com\/civil-investigative-demand-cid\/cfpb-response\/","title":{"rendered":"Responding to a CFPB Civil Investigative Demand (CID)"},"content":{"rendered":"\n

Experienced Federal Defense Counsel for Responding to Civil Investigative Demands (CIDs) from the Consumer Financial Protection Bureau (CFPB)<\/h2>\n\n\n\n
\"Lynette<\/a>
Attorney Lynette S. Byrd<\/strong><\/a><\/span>
CFPB CID Team Lead
Former DOJ Attorney<\/figcaption><\/div><\/div>\n\n\n\n

The Consumer Financial Protection Bureau (CFPB) is the federal agency tasked with overseeing the consumer finance market and enforcing compliance with the laws that protect consumers against predatory lending and other fraudulent and unlawful practices. As the CFPB explains<\/a>, “We have supervisory authority over banks, thrifts, and credit unions with assets over $10 billion, as well as . . . nonbank mortgage originators and servicers, payday lenders, and private student lenders of all sizes.” To satisfy its enforcement mandate, the CFPB investigates lenders through various means, including the issuance of civil investigative demands (CIDs)<\/a>.<\/p>\n\n\n\n

Not all federal agencies have the authority to issue CIDs. In fact, the list of federal agencies with this authority is fairly short. However, the CFPB’s authority to issue civil investigative demands is notable not only for its uniqueness, but also for its implications for lenders facing CFPB scrutiny.<\/p>\n\n\n\n

Former Federal Government Attorneys Experienced in CFPB Civil Investigative Demand Defense<\/h2>\n\n\n\n
\n\t\n\t\t\n\t<\/a>\n

Click image
to see larger version.<\/p>\n<\/div>\n\n\n\n

At Oberheiden P.C., we bring relevant experience to defending companies during CFPB investigations<\/a>. In addition to experience as federal defense counsel for lenders and other businesses across the country, this includes experience as U.S. Attorneys and Assistant U.S. Attorneys representing the federal government in civil and criminal cases. With insights gained from handling CIDs from both sides, we provide our clients highly strategic advice, and we are able to effectively communicate with the CFPB on behalf of our clients. This includes not only addressing matters related to our clients’ civil investigative demands, but also working with CFPB agents to steer our clients’ investigations forward favorable resolutions.<\/p>\n\n\n\n

Responding to a civil investigative demand from the CFPB is a time-consuming and resource-intensive process. Lenders that have received CIDs need to have a clear understanding not only of the scope of their burden, but also of the risks of non-compliance. Failure to disclose responsive records to the CFPB can have various adverse consequences even if it is unintentional, and the CFPB can assess lenders’ compliance with their CIDs through various means.<\/p>\n\n\n\n

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Put our highly experienced team on your side<\/h2>\n
\n\n
\n\t\t\t
\n\t\t\t\t\"Dr.<\/a>\n\t\t\t\t
Dr. Nick Oberheiden<\/h5>\n\t\t\t\t

Founder<\/p>\n\t\t\t\t

Attorney-at-Law<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Lynette<\/a>\n\t\t\t\t
Lynette S. Byrd<\/h5>\n\t\t\t\t

Former DOJ Trial Attorney <\/p>\n\t\t\t\t

Partner<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Brian<\/a>\n\t\t\t\t
Brian J. Kuester<\/h5>\n\t\t\t\t

Former U.S. Attorney<\/p>\n\t\t\t\t

<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Kevin<\/a>\n\t\t\t\t
Hon. Kevin McCarthy<\/h5>\n\t\t\t\t

55th Speaker, U.S. House of Representatives (ret.)<\/p>\n\t\t\t\t

Government Consultant<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Mike<\/a>\n\t\t\t\t
Mike Pompeo<\/h5>\n\t\t\t\t

Of Counsel<\/p>\n\t\t\t\t

Former U.S. Secretary of State<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"John<\/a>\n\t\t\t\t
John W. Sellers<\/h5>\n\t\t\t\t

Former Senior DOJ Trial Attorney<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t

\n\t\t\t
\n\t\t\t\t\"Linda<\/a>\n\t\t\t\t
Linda Julin McNamara
<\/h5>\n\t\t\t\t

Federal Appeals Attorney<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Nicholas<\/a>\n\t\t\t\t
Nicholas B. Johnson
<\/h5>\n\t\t\t\t

Former Prosecutor<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Roger<\/a>\n\t\t\t\t
Roger Bach
<\/h5>\n\t\t\t\t

Former Special Agent (DOJ)<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Chris<\/a>\n\t\t\t\t
Chris J. Quick
<\/h5>\n\t\t\t\t

Former Special Agent (FBI & IRS-CI)<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Michael<\/a>\n\t\t\t\t
Michael S. Koslow
<\/h5>\n\t\t\t\t

Former Supervisory Special Agent (DOD-OIG)<\/p>\n\t\t\t<\/div>\n\t\t\t

\n\t\t\t\t\"Ray<\/a>\n\t\t\t\t
Ray Yuen
<\/h5>\n\t\t\t\t

Former Supervisory Special Agent (FBI)<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\n <\/div>\n<\/section>\n