Consumer Financial Protection Bureau Goes to Court to Enforce Investigative Demands Against J.G. Wentworth

Consumer Financial Protection Bureau Goes to Court to Enforce Investigative Demands Against J.G. Wentworth

The Consumer Financial Protection Bureau last week filed a petition in federal court seeking to enforce its civil investigative demands against J.G. Wentworth and its affiliated companies.

The CFPB on June 7 filed its petition in the U.S. District Court for the Eastern District of Pennsylvania, alleging that J.G. Wentworth has refused to produce additional documents in response to the CFPB’s civil investigative demand (CID).

The CFPB sought documents and information in connection with an investigation of whether J.G. Wentworth violated the Consumer Financial Protection Act of 2010 (“CFPA”) and other federal consumer protection laws.

After initially cooperating with previous requests from the CFPB in 2014, J.G. Wentworth last year challenged the CFPB’s jurisdiction to issue a more extensive CID that appears to cover virtually every J.G. Wentworth transaction since the enactment of the CFPA.  In February, 2016, the CFPB rejected J.G. Wentworth’s petition to set aside the CID.  See CFPB Rejects J.G. Wentworth’s Challenge to Investigative Demand, here.

J.G. Wentworth has not yet filed a response to the CFPB’s petition.

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