Jacquot Comments on Costly CFPB Civil Investigative Demands

Partner Joe Jacquot was quoted in a MarketWatch article, “Why You Should Care About the CFPB’s New Leadership,” about how investigations issued by the Consumer Financial Protection Bureau into companies can be costly and ultimately affect consumers.

Jacquot explained that the CFPB can currently issue a “civil investigative demand” when it needs to gather information, which can be costly and push companies to pass those costs onto consumers through their products. He also noted that state attorneys general can enforce those laws, which can create costly investigations in their home states.