Washington, February 22 – US Consumer Surveillance and Misdemeanors by Attorney General Nexus for suing Libor for allegedly suing immigrants in US detention centers for threatening bail bonds and borrowing money Are suing to present, who cannot repay the loan.
The agency said on Monday that the Consumer Financial Security Bureau (CFPB) and the Attorney General in New York, Massachusetts and Virginia have filed suit against Nexus and its parent company Libre for alleged predator practices.
Nexus Services did not immediately respond to requests for comment.
The regulator said in a statement that Libor allegedly lured immigrants with misleading statements and deceived them with possible re-arrest, detention or deportation.
The lawsuit, filed on Monday against Libor, parent company Nexus Services Inc. and firm owners Mitchell Donovan, Richard Moore and Evan Ajin, seeks to curb practices and seek relief for victims. The firm has previously reached settlements with other regulators over its controversial practices.
On Monday, CFPB acting director David Uijio described Libre as a “wolf in sheep’s clothing”, with the bureau prioritizing the case to indicate that the financial scandal targeting communities of color was Will not be tolerated.
“This case is a prime example of how people of color are targeted in financial scandals and the latent disparity that is often found in the market for financial products and services,” Uijio said in the statement. “The bureau will not stand for this.”
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