Latest Posts
Home > Debt Relief Industry > EFA Processing Signs Consent Order

EFA Processing Signs Consent Order

The State of Connecticut has just entered into a consent order with EFA Processing and Ken Talbert over debt relief help offered to State residents.

According to , EFA Processing “voluntarily agrees to consent to the entry of the Consent and Agreement described below without admitting or denying any allegation or any claim contained in the Order and Notice and set forth herein and solely for the purpose of obviating the need for further formal administrative proceedings.”

The issue appears to surround the issues “EFA engaged in debt negotiation in this state without the required license.”

Under the terms of this agreement:

1. EFA shall remit to the Department of Banking the sum of One Hundred Seventy-Five Thousand Dollars ($175,000) as a civil penalty by cashier’s check, certified check or money order made payable to “Treasurer, State of Connecticut” in three installments as follows: (a) The first payment of Fifty-Eight Thousand Three Hundred Thirty-Three Dollars ($58,333) shall be remitted no later than the date this Consent Order is executed by EFA; (b) a second payment of Fifty-Eight Thousand Three Hundred Thirty-Three Dollars ($58,333) shall be remitted no later than January 20, 2014; and (c) a third payment of Fifty-Eight Thousand Three Hundred Thirty-Four Dollars ($58,334) shall be remitted no later than February 20, 2014; and

2. EFA and its successors in interest shall immediately cease and desist from engaging or assisting other persons to engage in debt negotiation in this state without the required license, in violation of Section 36a-671(b) of the Connecticut General Statutes in effect prior to October 1, 2011, and Section 36a-671(b) of the Connecticut General Statutes. – Source

EFA Processing Signs Consent Order
Get Out of Debt Guy – Twitter, G+, Facebook

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.