Regulatory Alerts2020-11-20
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Bulletin 2961 - November 20, 2020
The Connecticut Department of Banking imposed a $200,000 civil penalty and a cease and desist order on Samantha S. Flores for operating as an unlicensed consumer collection agency and using deceptive practices. The Commissioner issued an amended notice alleging that Credit Protection Association, L.P. failed to maintain a required surety bond, providing grounds for license revocation. A consent order required ReallyGreatRate, Inc. to pay $11,500 for acting as an unlicensed mortgage broker, while The Hansbury Group, LLC was fined $5,000 for supervisory and qualification violations under the Uniform Securities Act.
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