CFPB and State Attorneys General Target Immigration Bond Company for Allegedly Abusive Acts and Practices
By EsqSocial Corporation 25/02/21
On February 22, the Consumer Financial Protection Bureau (CFPB), joined by the attorneys general for Virginia, Massachusetts, and New York (States), filed suit against Libre by Nexus, Inc. (Libre). The suit alleges that Libre, an immigration bond services business, engaged in deceptive and abusive acts or practices in connection with its offer of credit to consumers for their immigration bonds. This suit, the first new public enforcement action of the Biden administration, highlights the theme...
By: Troutman Pepper