Regulatory Alerts2021-05-14
Added · Updated
Order to Cease and Desist and Imposing Civil Penalty on Students Loan Services LLC
Students Loan Services LLC must cease and desist from violating Section 36a-671(b) of the Connecticut General Statutes by engaging in debt negotiation without a required license. The Banking Commissioner imposes a civil penalty of $100,000, payable to the Treasurer of the State of Connecticut within thirty days of the order's mailing. The prior Order to Make Restitution, requiring repayment of fees to Connecticut debtors who entered agreements on or after October 1, 2009, becomes permanent as of March 13, 2021.
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