Regulatory Alerts2015-11-20
Added · Updated
Bulletin 2700 - November 20, 2015
The Connecticut Department of Banking enforced consumer credit regulations against three entities for licensing and reporting violations. Bridgepoint Mortgage paid a $4,500 civil penalty for failing to timely file annual mortgage call reports. Portfolio Recovery Management Inc. was ordered to cease operations as an unlicensed consumer collection agency and pay a $100,000 civil penalty. Practical Debt Relief Inc. received a temporary cease and desist order and was required to make restitution to Connecticut debtors for unlicensed debt negotiation services.
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