CashCall, Inc.; WS Funding, LLC; Delbert Services Corporation; and J. Paul Reddam

2013 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$134.1 million

Outcome

CashCall, Inc.; WS Funding, LLC; Delbert Services Corporation; and J. Paul Reddam was subject to a $134,058,600 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

CashCall, Inc.; WS Funding, LLC; Delbert Services Corporation; and J. Paul Reddam — $134,058,600 CFPB Enforcement

Outcome: CashCall, Inc.; WS Funding, LLC; Delbert Services Corporation; and J. Paul Reddam was subject to a $134,058,600 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Action Type: enforcement-action

How Crucible Prevents This

Crucible's continuous compliance monitoring would have flagged the regulatory gaps that led to this CFPB enforcement action — through automated regulatory adherence checks, BSA/AML monitoring, consumer protection compliance tracking, and corrective action plan enforcement — preventing the violations before they triggered federal action.

Source: CFPB Enforcement Actions — CashCall, Inc.; WS Funding, LLC; Delbert Services Corporation; and J. Paul Reddam

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