For the second time in a week, Connecticut’s Attorney General has taken a pro-consumer case to court. Earlier this week, the state moved to shut down an unlicensed collection agency. The state has now filed suit against Countrywide Financial Corp. alleging that the company made inappropriate and unaffordable mortgage loans to borrowers and then collected [...]
Consumer Protection
On Wednesday, August 6, 2008, the State Banking Commissioner issued a cease and desist order effectively shutting down Cornerstone Credit Corp., a collection agency based in Waterbury, Connecticut. The agency had been operating without a license since September 2005 and had failed to turnover money it had collected from consumers to the creditors who had [...]
