Regulatory Alerts2022-01-21
Added · Updated
Bulletin 3022 - January 21, 2022
The Banking Commissioner revoked the consumer collection agency license of Yes Online Inc and imposed a $100,000 civil penalty for failing to cooperate with examinations. USIO, Inc. was ordered to cease and desist from unlicensed money transmission and fined $10,000 following an administrative hearing. Optima Advocates Inc, Optima Student Loan Services LLC, LoanHero Inc, and Monterey Financial Services LLC face restitution orders and notices of intent for cease and desist orders and civil penalties related to unlicensed debt negotiation and small lending activities. Extreme Marketing Alliance LLC and its principals agreed to a consent order requiring $116,687 in refunds, a $10,000 fine, and a five-year bar from selling business opportunities in Connecticut.