Universal Debt & Payment Solutions, LLC, Universal Debt Solutions, LLC, WNY Account Solutions, LLC, and Associated Companies and Individuals

2015 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$5.3 million

Outcome

Universal Debt & Payment Solutions, LLC, Universal Debt Solutions, LLC, WNY Account Solutions, LLC, and Associated Companies and Individuals was subject to a $5,261,484 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Universal Debt & Payment Solutions, LLC, Universal Debt Solutions, LLC, WNY Account Solutions, LLC, and Associated Companies and Individuals — $5,261,484 CFPB Enforcement

Outcome: Universal Debt & Payment Solutions, LLC, Universal Debt Solutions, LLC, WNY Account Solutions, LLC, and Associated Companies and Individuals was subject to a $5,261,484 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 — Universal Debt & Payment Solutions, LLC, Universal Debt Solutions, LLC, WNY Account Solutions, LLC, and Associated Companies and Individuals

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