Regulatory Alerts2019-07-05
Added · Updated
Consent Order Imposing Civil Penalty on FEDChex Recovery, LLC
FEDChex Recovery, LLC d/b/a FCR Collection Services must pay a $2,500 civil penalty to the State of Connecticut for using the unregistered fictitious name FCR Collection Services in violation of Connecticut General Statutes Section 36a-801(i). The order resolves allegations that the entity sent collection letters with the unauthorized name in September 2017 without having it registered on the Nationwide Multistate Licensing System and Registry. FEDChex waives its right to a hearing and judicial review, and the matter is closed provided the entity complies with the order and discloses the event on NMLS.
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