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6 Steps for Responding to a Civil Investigative Demand

As part of its investigative powers, the Consumer Financial Protection Bureau (CFPB) is authorized to demand the production of documents and other information on short notice. Companies may literally have just hours to formulate a plan to respond to a Civil Investigative Demand (CID), the execution of which could either protect or lead to the demise of a company. Companies that are able to effectively manage their response to government investigations can often limit or avoid regulatory exposure altogether. On the other hand, businesses that respond to CIDs in a disorganized, ineffective or untimely manner are often targeted by regulators for subsequent enforcement actions.

This article was first published in the August 16, 2013 edition of Law360. Permission for article reprint has been granted.