The Connecticut Department of Banking has issued a cease and desist and civil penalty against New Life Consultants / New Life Financial Solutions for running afoul of the Debt Adjusters and Debt Negotiation statutes.

After giving the New Life folks a chance to respond, the State gave up and has now issued a $100,000 fine against the troubled company. – Source

But I seriously doubt Connecticut is going to ever see a penny since the FTC already nailed New Life. The New Life business model has been a concern of mine since April, 2011. You can see all the New Life stories here.

AMF.

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