Regulatory Alerts2025-12-19
Added · Updated
Stipulation and Agreement: Commonwealth Servicing Group, LLC
Commonwealth Servicing Group, LLC and the Law Offices of Amber Florio agree to withdraw their pending lawsuit against the Connecticut Department of Banking and waive further administrative or judicial review of the Commissioner's enforcement notice. The parties resolve allegations that CSG engaged in unlicensed debt negotiation by stipulating that CSG and CLG have ceased debt negotiation operations nationwide. CSG and CLG must notify the Commissioner in writing thirty days prior to any future engagement in debt negotiation in Connecticut, providing documentation that such activities fall outside the Commissioner's regulatory purview. This agreement allows the Commissioner to take enforcement action if representations are untrue or terms are violated.