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Immigrant Bond Cos. Slam 'Knee-Jerk' CFPB In $811M Fight

By Katryna Perera ( November 5, 2024, 9:31 PM EST) -- Immigrant bond companies appealing an order to pay $811 million for allegedly abusive bonding practices have told the Fourth Circuit that the Consumer Financial Protection Bureau's attempt to uphold that sanction is "aimed at the heartstrings and meant to evince a knee-jerk reaction to conduct that was distasteful" but said there is "nothing that can be done to alter the past."...

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