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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
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. The settlement was also announced by the CFPB; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.