Regulatory Alerts2016-07-15
Added · Updated
Bulletin 2734 - July 15, 2016
The Connecticut Department of Banking orders Preferred Law, PLLC to cease and desist from unlicensed debt negotiation and pay a $25,000 civil penalty, while confirming a permanent restitution order. United Obligations is ordered to cease and desist from acting as an unlicensed consumer collection agency and must pay a $100,000 civil penalty. Written comments regarding these enforcement actions must be submitted to the Banking Commissioner within ten days of the bulletin's date.
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