Regulatory Alerts2023-06-09
Added · Updated
Bulletin 3094 - June 9, 2023
The Connecticut Department of Banking automatically suspended the consumer collection agency license of Account Control Systems, Inc., effective March 11, 2023, for failing to maintain a required surety bond. The Department entered into consent orders with FM Home Loans, LLC and QuoteWizard.com, LLC, imposing $10,000 civil penalties on each for unlicensed mortgage servicing and unlicensed lead generation activities, respectively. Additionally, Greenfield Financial Services, LLC was fined $10,000 for making false statements and failing to provide requested documents, while Clipper Capital Group LLC, T&T Capital Partners LLC, and Steven Alan Tavares were fined $10,000 for selling unregistered securities and violating antifraud provisions.