Regulatory Alerts2025-04-14
Commonwealth of Pennsylvania Department of Banking and Securities v. CreditAssociates, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against CreditAssociates, LLC for violating the Debt Settlement Services Act by marketing services to residents without a license. The company agreed to pay $480,000 in penalties and is permanently barred from offering debt settlement services in the state until properly licensed. This settlement resolves all allegations regarding unlicensed activities conducted between 2015 and 2023 without admitting or denying the charges.
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