No Need To Delay $811M Immigrant Bond Co. Fine, CFPB Says

Tue Apr 30 00:48:52 PDT 2024

No Need To Delay $811M Immigrant Bond Co. Fine, CFPB Says
<https://www.law360.com/mergersacquisitions/articles/1830045?nl_pk=a34c25b5-f021-4515-a5f9-06e53584a502&utm_source=newsletter&utm_medium=email&utm_campaign=mergersacquisitions&utm_content=2024-04-30&read_main=1&nlsidx=0&nlaidx=6>

By Rae Ann Varona

The Consumer Financial Protection Bureau told a Virginia federal judge that
there is no need to hold off fining a bonding company $811 million for
predatory bonding practices, saying the company's fear of collapse is
mooted by a recent sale.

 Memorandum attached | Read full article »
<https://www.law360.com/mergersacquisitions/articles/1830045?nl_pk=a34c25b5-f021-4515-a5f9-06e53584a502&utm_source=newsletter&utm_medium=email&utm_campaign=mergersacquisitions&utm_content=2024-04-30&read_more=1&nlsidx=0&nlaidx=6>
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