Bulletin 3231 - January 23, 2026

The Department of Banking News Bulletin

Bulletin # 3231 (Revised) - Week Ending January 23, 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

Set Forth, LLC a/k/a Forth, Inc. d/b/a Forth f/k/a Set Forth, Inc. f/k/a Debt Pay Gateway, Inc.

On January 13, 2026, the Commissioner issued 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 (collectively, "Order and Notice"), in the matter of Set Forth, LLC a/k/a Forth, Inc. d/b/a Forth f/k/a Set Forth, Inc. f/k/a Debt Pay Gateway, Inc. (NMLS # 1396653) ("Respondent"), Schaumburg, Illinois. The Order and Notice was the result of an investigation by the Consumer Credit Division initiated as a result of a whistleblower complaint filed with the Department of Banking. The Commissioner alleged in the Order and Notice that: (1) Respondent engaged in the business of money transmission without a license in violation of Section 36a-597(a) of the Connecticut General Statutes; (2) Respondent advertised or solicited money transmission services without a license in violation of Section 36a-597(a) of the Connecticut General Statutes; (3) Respondent engaged in the business of debt adjustment without a license in violation of Section 36a-656(a) of the Connecticut General Statutes; and (4) Respondent, as a person required to be licensed pursuant to Section 36a 597(a) of the Connecticut General Statutes, directly or indirectly, engaged in unfair or deceptive practices toward consumers in connection with money transmission by: (a) representing its custodial practices as compliant when it was not compliant with applicable requirements, including money transmitter licensure requirements in Connecticut, debt adjustment licensure requirements in Connecticut and the Telemarketing Sales Rule; and (b) representing that it was independent from debt negotiators, when in fact, it was not independent from debt negotiators and provided kickbacks to debt negotiators for referrals of consumer accounts through reduced Customer Relationship Management software fees, in violation of Section 36a-607(c)(2) of the Connecticut General Statutes. Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Order and Notice.

Dated: Tuesday, January 27, 2026

Jorge L. Perez
Banking Commissioner