The contact owns a 2014 Victory CC Tour The contact stated that while driving at an undisclosed speed and attempting to stop the vehicle the rear brakes failed. The contact was able to stop the vehicle. The contact also noticed fire coming from under the catalytic converter, burning several unknown wires. The contact extinguished the fire. The motorcycle was towed back to the contact's residence. The dealer was made aware of the failure. The vehicle has not been repaired. The contact related the failure to the NHTSA Campaign V-17-02 (Service Brakes, Hydraulics). The manufacturer was not made aware of the failure. The failure mileage was approximately 7,000.