GST Factoring, Inc., Champion Marketing Solutions, LLC, Rick Graff, Gregory Trimarche, Scott Freda, Amanda Johanson, David Mize, Jacob Slaughter, and Daniel Ruggiero

2020 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$15 million

Outcome

GST Factoring, Inc., Champion Marketing Solutions, LLC, Rick Graff, Gregory Trimarche, Scott Freda, Amanda Johanson, David Mize, Jacob Slaughter, and Daniel Ruggiero was subject to a $15,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

GST Factoring, Inc., Champion Marketing Solutions, LLC, Rick Graff, Gregory Trimarche, Scott Freda, Amanda Johanson, David Mize, Jacob Slaughter, and Daniel Ruggiero — $15,000,000 CFPB Enforcement

Outcome: GST Factoring, Inc., Champion Marketing Solutions, LLC, Rick Graff, Gregory Trimarche, Scott Freda, Amanda Johanson, David Mize, Jacob Slaughter, and Daniel Ruggiero was subject to a $15,000,000 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 — GST Factoring, Inc., Champion Marketing Solutions, LLC, Rick Graff, Gregory Trimarche, Scott Freda, Amanda Johanson, David Mize, Jacob Slaughter, and Daniel Ruggiero

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works