State of Connecticut Department of Banking

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 # 3073 - Week Ending January 13, 2023

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 ACTIVITY 

Consent Order

On January 6, 2023, the Commissioner entered into a Consent Order with Radius Global Solutions LLC (NMLS # 936423) (“RGS”), Edina, Minnesota. The Consent Order was based on an investigation by the Consumer Credit Division for the period from April 1, 2020 through March 31, 2021. As a result of such investigation, the Commissioner alleged that RGS conducted collection activity at an overseas location, in violation of Section 36a-801(a) of the Connecticut General Statutes in effect at such time. As part of the Consent Order, RGS paid $10,000 as a civil penalty. 

  

      Dated:  Tuesday, January 17, 2023

      Jorge L. Perez
      Banking Commissioner