Top Notch Funding II, LLC, Rory Donadio, and John “Gene” Cavalli
On Sept. 19, 2017, the Consumer Financial Protection Bureau (CFPB) sued Top Notch Funding and two individuals associated with the company for lying in loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds. These consumers included former National Football League (NFL) players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, and 9/11 first responders. On Jan. 30, 2018, the court approved a consent order that bans Top Notch, its owner Rory Donadio, and his business associate John “Gene” Cavalli from offering or providing such products in the future. The order further requires them to pay $75,000 in civil money penalties to the CFPB’s Civil Penalty Fund. The penalties take into account the defendants’ inability to pay more.