By Jean Veta, Jason Grimes and Eitan Levisohn ( January 31, 2018, 1:09 PM EST) -- On Jan. 24, 2018, the Consumer Financial Protection Bureau published a request for information (RFI) seeking comment on its civil investigative demand (CID) process.[1] In the RFI, the CFPB recognizes that "responding to a CID can impose burdens on the recipients" and expresses interest in how the CID process can be "updated, streamlined, or revised" to achieve the CFPB's objectives "while minimizing burdens."[2] This signals the bureau's potential openness to revising its CID process, which has been regarded as difficult, expensive and time-consuming by many institutions. Indeed, given Acting Director Mick Mulvaney's recent email to CFPB staff emphasizing that the bureau must work for covered entities as well as consumers, it is likely that the bureau will be receptive to comments by institutions expressing concerns with the current process and seeking improvements....