Regulatory Alerts2012-06-15
Added · Updated
Bulletin 2521 - June 15, 2012
The Connecticut Department of Banking issued enforcement actions against entities operating as check cashing or debt negotiation services without required licenses. Prime 978, LLC had a temporary cease and desist order filed, while United Processing Center, Inc. was ordered to cease operations and pay a $100,000 civil penalty. Additionally, the civil penalty against 1st American Debt Solutions was reduced to $10,000, and the scope of required fee repayments to Connecticut residents was modified. Written comments on these matters must be submitted within ten days of the bulletin date.
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