Consumer Financial Protection Bureau v HARBOUR PORTFOLIO ADVISORS, LLC - CFPB Has Authority To Request Seven Years’ Worth Of Foreclosure Documents

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION CONSUMER FINANCIAL PROTECTION BUREAU, Petitioner, v. HARBOUR PORTFOLIO ADVISORS, LLC; NATIONAL ASSET ADVISORS, LLC; and NATIONAL ASSET MORTGAGE, LLC; Respondents.

OPINION AND ORDER GRANTING PETITION TO ENFORCE CIVIL INVESTIGATIVE DEMANDS [1]

On November 29, 2016, Petitioner Consumer Financial Protection Bureau (the "Bureau") petitioned this Court to enforce Civil Investigative Demands ("CIDs") that the Bureau issued to Respondents on September 8, 2016. (Id.) For the reasons that follow, the Bureau's petition is GRANTED. [...] C. Undue Burden Harbour finally argues that, even if the Bureau has the authority to issue the CIDs, the CID it received should be modified because it is unduly burdensome. (See Dkt. 13, at 22- 24.) Specifically, Harbour contends that the length of coverage (almost seven years of information) is overbroad and that the production deadlines (30 days) are unreasonable. (Id.) For the following reasons, the Court finds that the CID is not unduly burdensome.