civil investigative demand

The CFPB has refused to modify or set aside a civil investigative demand (CID) issued to Next Generation in connection with an investigation of the company’s debt settlement services business.  

In its decision and order denying Next Generation’s petition to modify or set aside the CID, the CFPB stated that the petition was denied because

We were disappointed to see that the CFPB’s final Rules Relating to Investigations still include the statement that “requests for extensions of time [to petition for an order modifying or setting aside civil investigative demands (CIDs)] are disfavored.” 

The CFPB says that its policy of disfavoring extensions “means to prompt recipients to decide within 20