Connecticut Department of Banking Reduces Debt Collector’s Penalty To $50K, Vacates Original Order

A recent Connecticut Department of Banking enforcement settlement with a Utah-based debt collector, has reduced the fine from $140,000 to $50,00. The underlying consent order and details are not yet available in a publicly accessible format

From what is visible in those snippets:

• Earlier this year, the Connecticut Department of Banking imposed a $140,000 civil penalty on a Utah debt collection company.

• The company and the Department have now reached a new settlement that (1) reduces the penalty to $50,000 and (2) vacates the original $140,000 order.

• This mirrors a pattern seen in prior CT DOB cases where, after reconsideration and negotiation, an original final order is replaced by a consent order with a reduced penalty and the prior order is vacated.

The Department’s new consent order does not confirme details such as the company name, specific statutory violations, dates of the new order, or any remedial undertakings beyond the reduced civil penalty.

So fr the minimal details released include:

• Identify it as a 2026 CT DOB consumer credit/collection enforcement matter involving a Utah debt collector.

• Note that the original 2026 final order assessing a $140,000 civil money penalty has been superseded by a new settlement/consent order.

• State that under the new settlement the penalty is lowered to $50,000 and the original order has been vacated.

Once CT DOB posts the consent order on its site, we will be able to pull the official docket number, respondent name, factual findings, and precise statutory cites from the PDF—CT DOB typically posts those under its consumer credit enforcement section and sometimes updates any prior press releases accordingly. Stay tuned for more information as it is released to the public.