Timemark, Inc., Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway

2020 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$3.8 million

Outcome

Timemark, Inc., Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway was subject to a $3,800,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Timemark, Inc., Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway — $3,800,000 CFPB Enforcement

Outcome: Timemark, Inc., Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway was subject to a $3,800,000 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 — Timemark, Inc., Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway

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

See How Crucible Works