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CFPB denies J.G. Wentworth’s petition to set aside CID
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Case Law
Tuesday, March 22, 2016
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The Consumer Financial Protection Bureau has denied a petition from J.G. Wentworth, LLC to set aside a civil investigation demand (CID). This is the third CID Wentworth has had to respond to since March 2014. The bureau is seeking to determine whether Wentworth violated the Consumer Financial Protection Act or the Truth in Lending Act with “advancing funds in exchange for the rights to future payments from structured settlements or annuities.” Read on to learn more.
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