Civil Investigative Demand Reform Act of 2025

HR 1653, the Civil Investigative Demand Reform Act of 2025, amends rules for the Consumer Financial Protection Bureau's (CFPB) information requests (civil investigative demands or CIDs) under the Consumer Financial Protection Act of 2010. It directly affects financial institutions and businesses under CFPB investigation by requiring CIDs to specify particular facts, extending the violation window to six years, and adding a process for attorneys to seek clarifications from the CFPB within 20 days. Key provisions include clearer legal grounds for challenging CIDs (such as undue burden or duplication) and allowing judicial review if the CFPB denies a request to modify or dismiss a CID. The bill aims to make the CID process more transparent and predictable for regulated entities.