Consent Order Regarding FuturePay Holdings Inc.

IN THE MATTER OF:
FUTUREPAY HOLDINGS INC. d/b/a FUTUREPAY CONSENT ORDER NMLS # 2366387 (“FuturePay”) WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of
Part III of Chapter 668, Sections 36a-555 to 36a-573, inclusive, of the Connecticut General Statutes,
“Small Loan Lending and Related Activities”, as amended; WHEREAS, FuturePay is a Delaware corporation with a main office located at 3 Columbus Circle, 15th Floor, New York, New York and has been licensed as a small loan company in Connecticut on the Nationwide Multistate Licensing System and Registry (“NMLS”) from November 21, 2022, until its license expired on January 1, 2026; WHEREAS, the Commissioner, through the Consumer Credit Division of the Department of Banking conducted an investigation into the renewal application and activities of FuturePay pursuant to
Section 36a-17(a) of the Connecticut General Statutes, to determine if it meets the minimum standards for
renewal of its small loan license for the January 1, 2025, to December 31, 2025, licensing period; WHEREAS, as a result of the investigation, on September 25, 2025, the Commissioner issued a Notice of Intent to Revoke and Refuse to Renew Small Loan License and Notice of Right to Hearing (collectively, “Notice”) against FuturePay, which Notice is incorporated by reference herein; WHEREAS, the Commissioner alleged in the Notice that FuturePay failed to submit the audited financial statements for fiscal years ending December 31, 2023, and December 31, 2024, to meet the