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CFPB denies lead generator’s petition to set aside CID
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Case Law
Friday, August 14, 2015
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Selling Source, LLC, a lead generating company, had petitioned the Consumer Financial Protection Bureau (CFPB) to set aside or modify a civil investigative demand (CID) that the CFPB issued in May and June 2015. The CFPB has denied that petition. Read on to find out the reasons why the bureau would not set aside the CID despite the company arguing it is not a “covered person” or a “service provider” over which the bureau has jurisdiction.
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