Violation Tracker Individual Record

Company: 
Colfax Capital Corporation and Culver Capital, LLC, also collectively known as Rome Finance
Penalty: 
$92,000,000
Primary Offense: 
consumer protection violation
Secondary Offense: 
Servicemembers Civil Relief Act
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.

Year: 
2014
Agency: 
Consumer Financial Protection Bureau
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.