Regulatory Alerts2020-12-18
Added · Updated
Consent Order Regarding Capital Accounts, LLC
Capital Accounts, LLC must pay a $20,000 civil penalty and $1,500 in back licensing fees to the State of Connecticut for operating as an unlicensed consumer collection agency. The entity is ordered to cease and desist from conducting such activities in Connecticut without a valid license. In exchange for waiving its right to a hearing and challenging the order, the Commissioner agrees not to take further enforcement action based on the specific allegations, provided the terms are complied with and disclosed on the NMLS.
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