Regulatory Alerts2020-11-27
Added · Updated
Order to Make Restitution, Cease and Desist, and Civil Penalty Against Pedroso Legal Services LLC and Filipe Pedroso
Pedroso Legal Services LLC and Filipe Pedroso are ordered to jointly and severally repay $8,200 plus legal interest to a Connecticut mortgagor and any other Connecticut debtors who paid fees for unlicensed debt negotiation services. The Banking Commissioner also intends to issue cease and desist orders and impose civil penalties of up to $100,000 per violation against both respondents for violating Connecticut General Statutes Section 36a-671(b). Respondents must provide evidence of repayment to the Consumer Credit Division within thirty days of the order becoming permanent. A hearing to contest these actions may be requested in writing within fourteen days of receipt, with a remote hearing scheduled for January 28, 2021, if requested.