Regulatory Alerts2014-01-24
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Bulletin 2605 - January 24, 2014
The Connecticut Department of Banking revokes and refuses to renew the consumer collection agency license of Commercial Recovery Systems, Inc., orders the entity to cease and desist from violating Connecticut General Statutes Sections 36a-17(d) and 36a-801(b), and imposes a $200,000 civil penalty. This enforcement action addresses the respondent's failure to provide information requested by an examiner during an examination. The bulletin also lists branch openings and relocations for Farmington Bank and Bankwell Bank, noting that public comments on these applications must be submitted in writing within ten days of the bulletin's date.
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