Regulatory Alerts2019-05-24
Added · Updated
Notice of Intent to Issue Order to Cease and Desist and Impose Civil Penalty Against Adolphus Hampton II
The Banking Commissioner intends to issue an order requiring Adolphus Hampton II d/b/a Financial Instrument Recovery to cease and desist from operating as an unlicensed consumer collection agency in violation of Section 36a-801(a) of the Connecticut General Statutes. The Commissioner also intends to impose a civil penalty not exceeding $100,000 per violation for engaging in debt buying and collection activities without the required license. Respondent has fourteen days from receipt of the notice to request a hearing, which is scheduled for July 11, 2019, if requested; failure to request a hearing or appear will result in the allegations being deemed admitted and the order issued.
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