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.