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CFPB reports new investigation

Posted in CFPB Enforcement

Yet another panel discussion at the ABA Consumer Financial Services Committee just held in Naples, Florida, entitled “Preparing for CFPB Exams and Enforcement” involved two speakers from the CFPB: Kristen Donaghue, a lawyer in the Office of Enforcement, and Calvin Hagins, Assistant Regional Director, Southwest Region.

Ms. Donaghue described the CFPB enforcement actions and investigations that were already a matter of public record. She also mentioned an investigation of a company that has not been the subject of any CFPB press release and of which I was unaware. The matter involves an investigation of 3D Resorts–Bluegrass, LLC for possible violations of the Interstate Land Sales Disclosure Act.  Here is a copy of the Proof of Claim filed by the CFPB in the U.S. Bankruptcy Court for the Western District of Kentucky, Owensboro Division.