Bureau Takes Action against Top Notch Funding

September 19, 2017

On Tuesday, September 19, 2017, the CFPB took action against Top Notch Funding & two individuals associated with the company for allegedly lying about loan offerings to consumers waiting for settlement payments. Top Notch’s alleged victims included former National Football League players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, and September 11 first responders. The Bureau is seeking to prevent Top Notch, its owner Rory Donadio, and Gene Cavalli from offering or providing loans in the future, and requires them to pay $70,000 to the CFPB’s Civil Penalty Fund.