September 19, 2017

The CFPB filed a complaint and proposed consent order against Top Notch Funding, its owner Rory Donadio, and his business associate John “Gene” Cavalli, for lying in loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds. The Bureau seeks $70,000 in civil money penalties and an order preventing Top Notch, Donadio, and Cavalli from offering or providing such products in the future. CFPB

Tagged in: Financial Institution Fraud,