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Violation Tracker Individual Record

Company: Colfax Capital Corporation and Culver Capital, LLC, also collectively known as Rome Finance
Penalty: $92,000,000
Year: 2014
Date: July 29, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: Servicemembers Civil Relief Act
Mega-Scandal: Predatory Lending
Violation Description: The Consumer Financial Protection Bureau and 13 state attorneys general obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, LLC, also collectively known as Rome Finance, for about 17,000 U.S. servicemembers and other consumers harmed by what was said to be the company's predatory lending scheme.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.