On March 20, 2014, the Commissioner entered into a Consent Order with Asset Managing Group, Inc. (“Respondent”), Jacksonville, Florida.  The Consent Order was based on an investigation by the Consumer Credit Division.  As a result of such investigation, on January 23, 2014, the Commissioner issued a Temporary Order to Cease and Desist, Order to Make Restitution, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing against Respondent.  The Commissioner alleged that Respondent engaged in debt negotiation in this state without obtaining the required license, in violation of Section 36a-671(b) of the Connecticut General Statutes in effect prior to October 1, 2011.  As part of the Consent Order, Respondent was ordered to immediately cease and desist from violating Section 36a-671(b) of the Connecticut General Statutes in effect prior to October 1, 2011, and to pay a $1,000 civil penalty.

On March 31, 2014, the Commissioner issued a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (“Notice”) in the Matter of:  Approved Credit Solutions LLC (“Respondent”), Greenwood, Indiana.  The Notice alleged that Respondent acted within this state as a consumer collection agency without a consumer collection agency license, in violation of Section 36a-801(a) of the Connecticut General Statutes in effect prior to October 1, 2013.  Respondent was afforded an opportunity to request a hearing with regard to the allegation set forth in the Notice.