The Department of Banking News Bulletin
Bulletin # 2889 - Week Ending July 5, 2019
This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800. Written comments will be considered only if they are received within ten business days from the date of this bulletin.
CONSUMER CREDIT DIVISION ACTIVITY
On June 20, 2019, the Commissioner entered into a Consent Order with FEDChex Recovery, LLC d/b/a FCR Collection Services (“FEDChex”) (NMLS # 1126700), Foothill Ranch, California. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that at least in the month of September 2017, FEDChex used an unauthorized fictitious name, FCR Collection Services, in violation of Section 36a-801(i) of the Connecticut General Statutes. As part of the Consent Order, FEDChex paid $2,500 as a civil penalty.