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A Nevada Court Judge ordered TMX Finance to void over 6,000 loans due to these unlawful practices. [13] In 2019, TitleMax was subject to a fine of $25,000 [ 14 ] and a $700,000 refund to more than 21,000 customers to resolve allegations of excessive interest and fee charges.
TMX Finance is the parent company to TitleMax and changed its name from TitleMax Holdings, LLC, to TMX Finance LLC as of June 21, 2010. [1]In mid-2011, TMX Finance “reopened its 13.25% secured notes due 2015 with an add-on of $60 million non-fungible bonds.” [6]
On October 31, 2014, TMX completed its acquisition of the microwave network business of Strike Technologies Services LLC. [17] On June 2, 2015, TMX Group announced a realignment of the organization. The changes follow the completion of an in-depth strategic review of the organization, which began in January 2015. [18]
NEW YORK (Reuters) -A U.S. judge clarified on Tuesday that an order restricting billionaire Elon Musk's government cost-cutting effort from accessing the Treasury Department's payment systems does ...
The group's complaint filed with the FEC argues that No Labels' level of spending and advocacy against the election of Biden and Trump triggers requirements in federal campaign finance law that ...
In December 2015, Cboe Canada, then the NEO Exchange, filed a complaint with the Competition Bureau alleging the TMX Group was “using its dominant market position to maintain control over the pricing of market data in the Canadian capital markets.” [29] On November 21, 2016 the Competition Bureau concluded their investigation after ...
As mentioned, a customer can buy out of their lease at any time, avoiding these fees. However, after the first 90 days of our $1,200 purchase example, the lease service cost jumps from $75 to $977.50.
The London Stock Exchange however announced it was terminating the merger with TMX on 29 June 2011 citing that "LSEG and TMX Group believe that the merger is highly unlikely to achieve the required two-thirds majority approval at the TMX Group shareholder meeting". [16] In July 2012, the LSE bought a 5% stake in Delhi Stock Exchange. [17]