The Consumer Financial Protection Bureau and the states of New York, Massachusetts and Virginia are suing the bail bond company Libre by Nexus for predatory practices against jailed immigrants. Libre’s business model consists of paying prisoners’ bonds, then charging exorbitant fees while forcing people to wear electronic tracking bracelets, which New York Attorney General Letitia James called “shackles.” Libre would then recoup the bond when trials started. Libre also threatened borrowers who were not able to repay with deportation or reimprisonment, even though they had no power to do so.
Consumer Watchdog and 3 States Sue Bail Bond Co. for “Preying” on Jailed Immigrants
HeadlineFeb 25, 2021