Regulatory Alerts2024-11-13
Consent Agreement and Order: B&B Dealer Enterprises, Inc.
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against B&B Dealer Enterprises, Inc. for operating as an unlicensed installment seller in violation of the Consumer Credit Code. The settlement requires B&B to pay a $625 civil penalty within thirty days and mandates that the company obtain proper licensure upon meeting all regulatory requirements. By signing the order, B&B waives its right to a hearing or appeal while the Department reserves all future enforcement rights.
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