Consumer Financial Protection Bureau et al v. Nexus Services, Inc. et al
Case Number:
5:21-cv-00016
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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June 28, 2024
Judge Won't Give Bond Co. More Time To Pay $811M Fine
A Virginia federal judge on Friday declined to grant an immigrant bond company the additional 45 days it requested to finish a sale before it has to pay an $811 million fine for predatory lending practices, pointing out that the transaction had already gone through.
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June 13, 2024
Immigrant Bond Co. Says Sale Complied With $811M Order
An immigrant bond company staring down an $811 million judgment for predatory lending practices is urging a Virginia federal court not to sanction it over its recent sale, saying the transaction complied with the judgment's restrictions on its operations.
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May 21, 2024
4th Circ. Told Justices' Ruling Dooms Bid To Delay $811M Fine
The Consumer Financial Protection Bureau has pointed to the U.S. Supreme Court's recent decision finding the agency's funding structure constitutional to head off a bid by immigrant bond companies accused of abusive bonding practices to delay an $811 million judgment.
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May 02, 2024
Immigrant Bond Co. Buyer Wants In On $811M Fine Appeal
Libre Immigration Services has moved to intervene at the Fourth Circuit to fight an $811 million judgment against companies it recently acquired that the Consumer Financial Protection Bureau sued over abusive immigrant bonding practices.
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April 29, 2024
No Need To Delay $811M Immigrant Bond Co. Fine, CFPB Says
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.
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April 15, 2024
Bond Co. Asks For Life-Saving Pause On $811M Fine
Immigration bonding company Libre by Nexus Inc. has begged a Virginia federal court for more time to pay an $811 million judgment for predatory bonding practices, saying it would collapse if forced to pay before it can execute its transfer to a new owner.
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April 01, 2024
CORRECTED: Immigration Bond Cos. Owe $811M For Deceptive Practices
A Virginia federal judge ordered Libre by Nexus Inc., a bonding company, to fork over more than $811 million in the Consumer Financial Protection Bureau's suit alleging the company engages in predatory bonding practices targeting cash-strapped immigration detainees.
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August 16, 2023
4th Circ. Won't Stay Migrant Bond Suit During Appeal
The Fourth Circuit rejected a request from immigrant bonding companies to stay the Consumer Financial Protection Bureau's suit accusing the companies of abusive bonding practices.
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August 09, 2023
Va. Judge Bars Most Witnesses In Immigrant Bond Co. Fight
Bonding companies that repeatedly rebuked discovery orders may only put up one witness in an upcoming hearing on how much they owe the immigrant detainees who paid their steep fees, a Virginia federal court said.
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August 07, 2023
Va. Atty Warns Of Witness 'Ambush' In Migrant Bond Fight
An attorney for Virginia is urging a federal judge to further sanction two immigration bonding companies, saying their discovery violations and late evidence and witness disclosures amount to a surprise attack ahead of a damages hearing.