To protect the health and safety of the public and our employees, the Department of Banking has limited the number of employees at our office at 260 Constitution Plaza in Hartford. When contacting the Department, please use electronic communication whenever possible. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to Department.Banking@ct.gov and it will be routed appropriately. Thank you for your patience during this time.

The Department of Banking News Bulletin 

Bulletin # 2992 - Week Ending June 25, 2021

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 directed to Jorge L. Perez, Banking Commissioner.  Written comments will be considered only if they are received within ten business days from the date of this bulletin.


FINANCIAL INSTITUTIONS DIVISION ACTIVITY

Annual License Renewals, Effective July 1, 2021 to June 30, 2022


Company Type of License

Licensee Brief Description

Business Lenders, LLC
Goodwin Square, 225 Asylum Street
Hartford, CT 06103

License to operate a
business and industrial
development corporation
(a "BIDCO") pursuant to
§ 36a-633
A BIDCO is a participating lender
under the federal SBA loan guarantee
programs
WorldBusiness Capital, Inc.
One State Street, Suite 2110
Hartford, CT 06103

License as an international
trade and investment
corporation(an "ITIC")
pursuant to § 36a-636e

An ITIC is a participating lender under
financing guarantee programs of the
Export-Import Bank, OPIC, and/or
the USDA

Access Financial Group, Inc.
118 N. Clinton Street, Suite 450
Chicago, IL 60661

License to act as fiduciary
pursuant to § 36a-380
and as authorized by
§ 42-202
Access is licensed as a fiduciary to act
as an escrow agent to hold money
under pre-need funeral service contracts

Forethought Life Insurance Company
One Forethought Center
Batesville, IN 47006

License to act as fiduciary
pursuant to § 36a-380
and as authorized by
§ 42-202

Forethought is licensed as a fiduciary
to act as an escrow agent to hold
money under pre-need funeral service
contracts

Planned Lifetime Assistance
Network of Connecticut, Inc.
("PLAN")

912 Silas Deane Highway
Wethersfield, CT 06109
License to act as fiduciary
pursuant to § 36a-380
and as authorized by
§ 36a-386
PLAN manages special needs trusts
established by families for the benefit
of disabled family members

 

CONSUMER CREDIT DIVISION ACTIVITY

Consent Order

On June 18, 2021, the Commissioner entered into a Consent Order with Pedroso Legal Services LLC a/k/a ELAWNJ.COM, Newark, New Jersey, and Filipe Pedroso.  The Consent Order resolved allegations made by the Commissioner in an 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 Respondents issued on November 19, 2020 (“Order and Notice”).  The Order and Notice was the result of an investigation by the Consumer Credit Division.  The Order and Notice alleged that each Respondent engaged or offered to engage 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, 2017.  As part of the Consent Order, Respondents paid $10,000 as a civil penalty, and $8,200 in restitution to an identified Connecticut resident.

 

      Dated: Tuesday, June 29, 2021

      Jorge L. Perez
      Banking Commissioner