Regulatory Alerts2022-08-26
Added · Updated
Order Revoking Consumer Collection Agency License, Cease and Desist, and Imposing Civil Penalty
The Banking Commissioner revokes the consumer collection agency license of Connecticut Medical Financial Services, Inc. d/b/a C.M. Financial Services Inc. for failing to provide information requested during an examination and for not maintaining a required surety bond. The entity is ordered to cease and desist from violating Section 36a-17(e) of the General Statutes and must pay a civil penalty of $100,000 within thirty days of the order's mailing. This order becomes effective upon being mailed to the respondent.
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