Regulatory Alerts2011-05-27
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Bulletin 2466 - May 27, 2011
The Connecticut Department of Banking publishes branch activity applications for Liberty Bank and Torrington Savings Bank, inviting public comment within ten days. The Department issued a Temporary Order to Cease and Desist against Jensen Legal Group, PLLC for unlicensed debt negotiation and non-compliant fee collection. Final orders were issued against Expert Financial Services, Inc., GMA Modification Corp., and Mortgage Relief Group, LLC for engaging in unlicensed debt negotiation and imposing excessive fees, resulting in civil penalties of $40,000, $10,000, and $60,000 respectively.
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