The Third Circuit Court of Appeals has upheld the Consumer Financial Protection Bureau’s (CFPB) right to issue a civil investigative demand (CID) to a student loan servicer.
The bureau filed a petition in 2017 to enforce a CID to Heartland Campus Solutions, ECSI, in a Pennsylvania federal court.
Read on for highlights of the higher court’s opinion, which found the CFPB complied with the statute that authorizes the bureau to enforce CIDs.
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