Regulatory Alerts2021-07-23
Added · Updated
Consent Order Regarding ProCollect, Inc.
ProCollect, Inc. must pay a $10,000 civil penalty and $2,800 in back licensing fees to the State of Connecticut for acting as an unlicensed consumer collection agency between January 1, 2014, and January 26, 2021. The entity is ordered to cease and desist from operating without a license in violation of Connecticut General Statutes Section 36a-801(a). This resolution waives ProCollect's right to a hearing or judicial review regarding these specific allegations, though the Banking Commissioner retains the right to enforce future violations of this order.
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