The latest request for information from the Consumer Financial Protection Bureau marks the third in the past month as the Trump administration continues to reduce regulation on financial services providers.
Among the powers of the CFPB is to investigate alleged violations of federal consumer financial law. It can also commence legal proceedings through either administrative adjudication proceedings or civil actions.
Though the available actions, it can seek appropriate legal and equitable relief as permitted by law through civil money penalties, among other forms of relief.
Source: Mortgage Daily