Regulatory Alerts2019-11-22
Added · Updated
Bulletin 2909 - November 22, 2019
The Connecticut Department of Banking entered into a Consent Order with The Hamilton Law Association, P.A., requiring the payment of a $10,000 civil penalty and $800 in back licensing fees for operating as an unlicensed consumer collection agency. Additionally, the Department issued a Notice of Intent to Revoke licenses, Cease and Desist orders, and impose penalties against Credit Protection Association, L.P. for violations including failure to reconcile trust accounts, improper fee charges exceeding 15%, and submitting false statements. Written comments regarding these enforcement actions must be submitted to Banking Commissioner Jorge L. Perez within ten business days of the bulletin's date.
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