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.