Libre Sale Voided Under $811M CFPB, State AG Judgment
· WOWERI
A Virginia federal judge has overturned the sale of an immigration bond company found liable for predatory lending practices. The judge ruled that the transaction knowingly violated the terms of an $811 million judgment.
Libre Sale Voided Under $811M CFPB, State AG Judgment
A Virginia federal judge has overturned the sale of an immigration bond company found liable for predatory lending practices. The judge ruled that the transaction knowingly violated the terms of an $811 million judgment entered just days before the deal was signed.
$811 Million Judgment The $811 million judgment was entered in connection with the company's predatory lending practices. The court found that the company had violated consumer protection laws and engaged in deceptive practices.
Impact on Immigrants The overturning of the sale of Libre may have significant consequences for immigrants who relied on the company's services. Immigrants who entered into contracts with Libre may face difficulties in obtaining immigration bonds.
Next Steps
Immigrants who entered into contracts with Libre should closely monitor the situation and seek advice from attorneys if necessary.
What to do next
- H-1B Work Visa — Order
- Application for Employment Authorization — Order
Not sure it fits? Consultation $150
Source: law360.com