Regulatory Alerts2026-01-23
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Order to Make Restitution, Notice of Intent to Issue Order to Cease and Desist, and Notice of Intent to Impose Civil Penalty Against Set Forth, LLC
The Banking Commissioner of Connecticut issues an Order to Make Restitution, Notice of Intent to Issue an Order to Cease and Desist, and Notice of Intent to Impose a Civil Penalty against Forth, LLC for unlicensed money transmission and debt adjustment activities in the state. The Commissioner alleges that Forth collected over $722,000 in fees from Connecticut consumers while operating without required licenses and engaging in unfair or deceptive practices, including providing kickbacks to debt negotiators. The document asserts violations of the Connecticut General Statutes and authorizes the imposition of civil penalties of up to $100,000 per violation alongside restitution orders.
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