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The company put $30 million on the table, but a controversial Texas Two-Step is walling off more than $1 billion in revenue from creditors.
Credit repair titans face a $2.7 billion settlement with the CFPB for charging customers illegal fees. The Consumer Financial Protection Bureau (CFPB) settled with some of the largest credit repair companies on Monday, including Lexington Law and CreditRepair.com. This action is the latest example of the CFPB cracking down on the credit repair industry. Credit repair companies’ settlement The settlement found that the companies charged customers illegal "advance" fees, violating federal laws rel
(Reuters) -A group of 22 U.S. states and territories have dropped their bid to block a proposed $10.3 billion settlement between 3M and U.S. public water providers that have accused the company of polluting drinking water with toxic chemicals. The states withdrew their objections late on Monday after negotiating changes with 3M and the water providers to the proposed deal, which would settle hundreds of lawsuits against the Minnesota-based company over perfluoroalkyl and polyfluoroalkyl substances, or PFAS, contamination. 3M, the water providers and the states said in a joint filing in feder...
Claims are now being accepted for the $4.3 million settlement.
The settlement, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029.