Cellco Partnership d/ba/ Verizon Wireless
CFPB
Consumer Financial Violation
Penalty
$120 million
Outcome
Cellco Partnership d/ba/ Verizon Wireless was subject to a $120,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).
Details
Cellco Partnership d/ba/ Verizon Wireless — $120,000,000 CFPB Enforcement
Outcome: Cellco Partnership d/ba/ Verizon Wireless was subject to a $120,000,000 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.
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