CFPB, State AGs Sue Over Alleged Immigration Bond Scam
Law360 (February 22, 2021, 12:51 PM EST) -- The Consumer Financial Protection Bureau and several states moved on Monday to stop what they allege is a predatory immigration bond services business, filing a lawsuit in Virginia federal court that marks the agency's first new public enforcement action of the Biden administration.
The lawsuit accuses Virginia-headquartered Libre by Nexus Inc. of exploiting primarily Spanish-speaking immigrants held in federal detention centers, alleging the company has engaged in a litany of deceptive and even abusive practices while holding itself as a way for cash-strapped detainees to post bond and get released.
Joining the CFPB in bringing the case are the attorneys general...
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