“The nation’s top consumer regulatory agency is seeking to hold a South Carolina housing finance company in contempt for moving too slowly to respond to a judge’s order that it turn over documents and audio recordings.
A federal judge on Tuesday referred the matter to a United States magistrate judge for a hearing.
The unusual legal maneuver by the agency, the Consumer Financial Protection Bureau, to hold National Asset Advisors and a related company in contempt shows that the agency is proceeding with an investigation into businesses associated with the sale of homes to lower-income borrowers with seller financing.”
Source: Consumer Agency Seeks to Hold South Carolina Company in Contempt – The New York Times