Performance SLC, LLC, Performance Settlement, LLC and Daniel Crenshaw

2020 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$10.4 million

Outcome

Performance SLC, LLC, Performance Settlement, LLC and Daniel Crenshaw was subject to a $10,448,468 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Performance SLC, LLC, Performance Settlement, LLC and Daniel Crenshaw — $10,448,468 CFPB Enforcement

Outcome: Performance SLC, LLC, Performance Settlement, LLC and Daniel Crenshaw was subject to a $10,448,468 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 — Performance SLC, LLC, Performance Settlement, LLC and Daniel Crenshaw

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