Regulatory Alerts2024-07-12
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Bulletin 3151 - July 12, 2024
The Connecticut Department of Banking imposed $100,000 civil penalties and cease and desist orders on three consumer collection agencies—Compattia Roccia Management Group, Credit Recovery Management Group, and Nelson Cruz & Associates—for operating without licenses, failing to cooperate with investigations, and lacking compliance systems. Additionally, the Department entered a Consent Order with Vend Tech International, Inc., fining the company $10,000 and requiring partial rebates to purchaser-investors for selling unregistered vending machine business opportunities and failing to provide required disclosures.
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