All American Check Cashing, Inc., Mid-State Finance, Inc. (d/b/a Thrifty Check Advance), and Michael Gray

2016 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$899,350

Outcome

All American Check Cashing, Inc., Mid-State Finance, Inc. (d/b/a Thrifty Check Advance), and Michael Gray was subject to a $899,350 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

All American Check Cashing, Inc., Mid-State Finance, Inc. (d/b/a Thrifty Check Advance), and Michael Gray — $899,350 CFPB Enforcement

Outcome: All American Check Cashing, Inc., Mid-State Finance, Inc. (d/b/a Thrifty Check Advance), and Michael Gray was subject to a $899,350 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 — All American Check Cashing, Inc., Mid-State Finance, Inc. (d/b/a Thrifty Check Advance), and Michael Gray

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