Regulatory Alerts2025-11-21
Consent Agreement and Order: FirstBike Motorsports Inc.
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against FirstBike Motorsports Inc. for violating the Consumer Credit Code by engaging in installment sales while unlicensed. The company failed to timely renew its license, operating without authorization from October 1, 2025, to November 7, 2025. As part of the settlement, FirstBike agreed to pay a $1,500 civil penalty within thirty days and waived its right to a hearing or appeal.
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