Story Number: NNS140729-12
Release Date: 7/29/2014 3:33:00 PM
From Consumer Financial Protection Bureau
WASHINGTON (NNS) -- The Consumer Financial Protection Bureau and 13 state attorneys general obtained about $92 million in debt relief from Colfax Capital Corp. and Culver Capital LLC, also collectively known as "Rome Finance," for about 17,000 U.S. service members and other consumers.
"No one who serves our country in uniform -- especially during a time of war -- should ever fall victim to predatory financial practices," Defense Secretary Chuck Hagel said in a statement, "and today's announcement is an important step in righting this wrong."
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