Regulatory Alerts2024-10-25
Added · Updated
Temporary Order to Cease and Desist, Order to Make Restitution, and Notice of Intent to Impose Civil Penalty against Century Debt Solutions, Inc.
The Banking Commissioner orders Century Debt Solutions, Inc. to immediately cease and desist from operating as an unlicensed consumer collection agency in Connecticut. The Respondent must provide an itemized list of all Connecticut consumer collection activity since July 26, 2018, within fourteen days of receiving the order. Additionally, the Respondent is required to refund all payments collected from Connecticut consumers since July 26, 2018, plus legal interest, within thirty days of the restitution order becoming permanent. The Commissioner intends to impose a civil penalty of up to $100,000 per violation, with a hearing scheduled for December 11, 2024, if requested within fourteen days.
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