Colfax Capital Corporation, Culver Capital, LLC, Ronald Wilson, and William Collins

2014 Community Banks / Credit Unions

CFPB Capital Deficiency

Penalty

$92 million

Outcome

Colfax Capital Corporation, Culver Capital, LLC, Ronald Wilson, and William Collins was subject to a $92,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Colfax Capital Corporation, Culver Capital, LLC, Ronald Wilson, and William Collins — $92,000,000 CFPB Enforcement

Outcome: Colfax Capital Corporation, Culver Capital, LLC, Ronald Wilson, and William Collins was subject to a $92,000,000 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 — Colfax Capital Corporation, Culver Capital, LLC, Ronald Wilson, and William Collins

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