Regulatory Alerts2026-04-17
Added · Updated
Order to Cease and Desist and Imposition of Civil Penalty Against Buyers Holdings, LLC
Buyers Holdings, LLC is ordered to cease and desist from violating Connecticut General Statutes Sections 36a-53a and 36a-801(a) for operating as an unlicensed consumer collection agency and making false statements. The entity must pay a civil penalty of $200,000 to the State of Connecticut within forty-five days of the order's mailing. Additionally, a previous order to make restitution remains permanent, requiring the refund of all payments collected from Connecticut consumers since January 1, 2016, plus legal interest, within thirty days of the restitution order becoming permanent.