Bulletin 3243 - April 17, 2026

Bulletin 3243 - April 17, 2026

The Department of Banking News Bulletin

Bulletin # 3243 - Week Ending April 17, 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.

BANK ACTIVITY

Loan Production Office

On April 16, 2026, the Commissioner approved an application for Liberty Bank, headquartered in Middletown, to establish a loan production office pursuant to Section 36a-145(0)(1) of the Connecticut General Statutes at 60 State Street, 38th Floor, Boston, Massachusetts, 02109. The proposed opening date is May 1, 2026.

CONSUMER CREDIT ACTIVITY

Buyers Holdings, LLC

On April 9, 2026, the Commissioner issued an Order to Cease and Desist and Order Imposing Civil Penalty ("Order") in the matter of Buyers Holdings, LLC (NMLS # 1706706) ("Respondent"), North Miami, Florida.

The basis of the Order was that: (1) Respondent acted within this state as a consumer collection agency without a consumer collection agency license on at least 12 instances which constitute violations of Section 36a-801(a) of the Connecticut General Statutes; and (2) Respondent's statement that it did not engage in unlicensed consumer collection activity in Connecticut constitutes a statement which is, at the time and in the light of the circumstances under which it is made, false or misleading in a material respect, in violation of Section 36a-53a of the Connecticut General Statutes.

Respondent failed to request a hearing within the prescribed time period and the allegations were deemed admitted. As a result, the Commissioner ordered Respondent to cease and desist from violating Sections 36a-53a and 36a-801(a) of the Connecticut General Statutes and imposed a civil penalty of $200,000 upon Respondent. In addition, the Order to Make Restitution issued against Respondent on February 26, 2026, remains in effect and became permanent against Respondent on March 19, 2026.

Dated: Tuesday, April 21, 2026

Jorge L. Perez
Banking Commissioner