"The Securities and Exchange Commission investigated Axos during Barack Obama's presidency after a whistleblower filed a lawsuit accusing the bank of violating anti-money laundering rules, court records show.

The investigation was closed in 2017 once Trump became president, while the whistleblower lawsuit was settled out of court.

Hankey, who made his fortune selling high-interest auto loans to those with bad credit histories, has faced similar scrutiny.

In 2015, one of his companies, Westlake Services, was forced to pay $48 million in penalties and compensation after the Consumer Financial Protection Bureau " an agency created by Obama and often criticized by Trump administration officials " found that they used debt collection tactics that the bureau described as "illegal."

Westlake also paid $700,000 to resolve a 2017 Justice Department lawsuit, which accused the company of illegally repossessing at least 70 vehicles owned by members of the military."

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"When Trump was looking to exit his hotel lease of Washington's historic Old Post Office building, the company again came through, providing a $190 million loan that helped a Miami-based investor group complete the $375 million sale in 2022, according to property records."

Much more at the link....