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Bank repeatedly shared wrong information with credit reporting agencies, CFPB alleged

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Consumer discretionary sector leads in insolvency filings

Receiver rejected company's $213-million claim against flagship fund

New SCC ruling allows fraudsters to escape regulatory penalties via bankruptcy

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Regulators' penalties don't survive bankruptcy, but disgorgement orders do, court finds

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In June, monthly filings returned to pandemic heights

Victims set to recover $2.1 million — a small fraction of their losses

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Resolution follows finding that Terraform Labs and its founder are liable for securities fraud

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Court asked to approve loan sale as part of receiver's ongoing efforts

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High rates, cautious consumers driving insolvency trends