Bulletin 3247 - May 15, 2026

Bulletin 3247 - May 15, 2026

The Department of Banking News Bulletin

Bulletin # 3247 - Week Ending May 15, 2026

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.

CONSUMER CREDIT DIVISION ACTIVITY

BH Debt Co. a/k/a BH Debt Co, Inc.

On May 6, 2026, the Commissioner issued a Temporary Order to Cease and Desist, 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 (collectively, "Order and Notice"), in the matter of BH Debt Co. a/k/a BH Debt Co, Inc. ("Respondent"), North Hollywood, California. The Order and Notice was the result of an investigation by the Consumer Credit Division which stemmed from an examination of a licensee. The Commissioner alleged in the Order and Notice that: (1) Respondent's acting as a consumer collection agency in this state without a consumer collection agency license, at least since October 10, 2019 constitutes violations of Section 36a 801(a) of the Connecticut General Statutes in effect at such time; and (2) Respondent's failure to provide information requested during the investigation constitutes violation of Section 36a-17(e) of the Connecticut General Statutes. The Commissioner found that the public welfare required immediate action to issue a Temporary Order to Cease and Desist against Respondent. Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Order and Notice.

Alex W. Wilson d/b/a Wilson Judgment Recovery

On May 7, 2026, the Commissioner issued a Temporary Order to Cease and Desist, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (collectively, "Notice"), in the matter of Alex W. Wilson d/b/a Wilson Judgment Recovery ("Respondent"), Luzerne, Pennsylvania. The Notice was the result of an investigation by the Consumer Credit Division which stemmed from a Connecticut consumer complaint. The Commissioner alleged in the Notice that: (1) Respondent's acting within this state as a consumer collection agency without a consumer collection agency license constitutes violations of Section 36a-801(a) of the Connecticut General Statutes in effect at such time; and (2) Respondent's failure to provide information requested during the Division's investigation constitutes violations of Section 36a-17(e) of the Connecticut General Statutes. The Commissioner found that the public welfare required immediate action to issue a Temporary Order to Cease and Desist against Respondent. Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Notice.

HFS Financial LLC

On May 12, 2026, the Commissioner entered into a Consent Order ("Consent Order") with HFS Financial LLC (NMLS # 1680766), ("HFS Financial"), Reisterstown, Maryland. The Consent Order was based on an investigation by the Consumer Credit Division which stemmed from HFS Financial's application for small loan company licensure. As result of such investigation, the Commissioner alleged that between 2023 and 2025, HFS Financial acted as a small loan company in Connecticut without the required license in connection with at least 13 transactions, in that it offered, solicited, brokered, directly or indirectly arranged, placed or found small loans for prospective Connecticut borrowers and engaged in any other activity intended to assist prospective Connecticut borrowers in obtaining small loans, including, but not limited to, generating leads, and advertised or caused to be advertised in this state a small loan or any of the services described in subdivisions (1) to (5), inclusive, of Section 36a-556(a) of the Connecticut General Statutes in effect at such time, in violation of subdivisions (2), (3) and (6) of Section 36a-556(a) of the Connecticut General Statutes in effect at such time. As part of the Consent Order, HFS Financial paid $10,000 as a civil penalty, $1,200 as back licensing fees and reimbursed identified Connecticut borrowers amounts paid by such borrowers as a fee for HFS Financial's services while it was not licensed as a small loan company in Connecticut.

Willow Processing, LLC d/b/a BrokerVA

On May 15, 2026, the Commissioner entered into a Consent Order ("Consent Order") with Willow Processing, LLC d/b/a BrokerVA (NMLS # 1977844), ("BrokerVA"), Phoenix, Arizona. The Consent Order was based on an investigation by the Consumer Credit Division which stemmed from a complaint. As result of such investigation, the Commissioner alleged that with respect to Connecticut residential mortgage loans funded between July 2024 and May 2025, BrokerVA was a cause of the violation of the following statutes due to an act it knew or should have known would contribute to such violation: (1) BrokerVA employed or retained as an independent contractor unlicensed loan processors in connection with at least 11 loans, causing violations of Section 36a 486(b)(3) of the Connecticut General Statutes; and (2) BrokerVA employed or retained as an independent contractor loan processors sponsored by other persons in connection with at least 34 loans, causing violations of Section 36a-486(b)(1) of the Connecticut General Statutes. As part of the Consent Order, BrokerVA paid $10,000 as a civil penalty and reimbursed identified Connecticut borrowers processing fees which the borrowers paid to BrokerVA while working with unlicensed loan processors.

Dated: Tuesday, May 19, 2026

Jorge L. Perez
Banking Commissioner