Afni, Inc.

2020 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$500,000

Outcome

Afni, Inc. was subject to a $500,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Afni, Inc. — CFPB Enforcement (2020)

CFPB took enforcement action against Afni, Inc. in in 2020 involving consumer financial violation violations in the Community Banks / Credit Unions sector.

Penalty: $500,000

Violation types: Consumer Financial Violation
Entity type: Financial Institution
Penalty type: Civil Money Penalty
Location:

Source: CFPB Enforcement Actions — Afni, Inc.

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 — Afni, Inc.

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