Bank repeatedly shared wrong information with credit reporting agencies, CFPB alleged
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
Regulators' penalties don't survive bankruptcy, but disgorgement orders do, court finds
In June, monthly filings returned to pandemic heights
Victims set to recover $2.1 million — a small fraction of their losses
Resolution follows finding that Terraform Labs and its founder are liable for securities fraud
Court asked to approve loan sale as part of receiver's ongoing efforts
High rates, cautious consumers driving insolvency trends