SEC settles action against Travel + Leisure over timeshare loan portfolio disclosure omissions

Key points

• The SEC filed the complaint in the U.S. District Court for the Southern District of Florida under case number 26-cv-62760.U.S. District Court for the Southern District of FloridaU.S. Securities and Exchange Commission
• The company removed more than 2,900 delinquent loans totaling about $77 million, including $34 million in defaults, through two undisclosed rescission projects.U.S. District Court for the Southern District of FloridaBloomberg Law
• Travel + Leisure set internal rescission targets to meet publicly issued guidance for its loan loss provision percentage without disclosing the projects.U.S. District Court for the Southern District of FloridaU.S. Securities and Exchange Commission
• On earnings calls, company executives credited customer-care initiatives, stricter underwriting, and operational improvements rather than loan removals for portfolio metrics.U.S. District Court for the Southern District of FloridaBloomberg Law
• Without admitting or denying liability, Travel + Leisure consented to a permanent injunction and agreed to pay a $975,000 civil penalty.U.S. Securities and Exchange CommissionTradingView

Sources4 articles across 4 outlets

• Bloomberg Law

  • Travel & Leisure Settles SEC Suit Over Loan Portfolio Revamp (1)Sept. 30, 2026

• TradingView

  • Travel + Leisure settles with SEC over misleading loan disclosuresSept. 30, 2026

• U.S. District Court for the Southern District of Florida

  • Securities and Exchange Commission v. Travel + Leisure Co., Complaint (No. 0:26-cv-62760-JTK)Sept. 30, 2026

• U.S. Securities and Exchange Commission

  • Travel + Leisure Co. (Release No. LR-26657; AAER-4603)Sept. 30, 2026

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