Bulletin 3247 - May 15, 2026

The Connecticut Department of Banking issued Temporary Orders to Cease and Desist against BH Debt Co. and Alex W. d/b/a Wilson Judgment Recovery for operating as unlicensed consumer collection agencies and failing to provide requested information. Additionally, the Commissioner entered into Consent Orders with HFS Financial LLC and Willow Processing LLC d/b/a BrokerVA regarding unlicensed small loan activities and violations involving unlicensed loan processors. HFS Financial paid a $10,000 civil penalty, $1,200 in back licensing fees, and reimbursed borrowers, while BrokerVA paid a $10,000 civil penalty and reimbursed processing fees to affected borrowers.

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State of Connecticut
Department of Banking

The Department of Banking News Bulletin

Bulletin # 3247 - Week Ending May 15, 2026

This Bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.

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Source: Connecticut Department of Banking — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works