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In handing down the sentence, U.S. District Judge Virginia Kendall told Janice Weston, "It’s very troubling. You have a few moments in time where you knew it was illegal and you could have left.”
If Vanke collapses, so might confidence in the state’s management of the economy
A U.S. lawsuit against financial firm Think Finance alleged the firm deceived borrowers into repaying loans they did not owe. The CFPB's victims relief fund will disburse $384 million to 191,000 customers across 17 states.
The Wall Street Journal said the sale could fetch between $3 billion to $5 billion.