The State of Connecticut recently fined Reliant Account Management (RAM) for operating in the state without a money transmitter license. A consent order entered into by Gregory A. Winters agreed to pay a $5,000 civil penalty and to “cease and desist from engaging in the business of money transmission in the future in Connecticut without a license.” The company also agreed to “refund all fees paid” to RAM by Connecticut residents for money transmission services.”
Of course now that this matter has been settled, RAM can apply for the correct license. – Source
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.
Latest posts by Steve Rhode (see all)
- Plastic Pandemic: US Credit Card Debt Surges Nearly 20% in Q1 2021! - May 12, 2023
- The IRS Resumes Collections Notices: What You Need to Know Before It’s Too Late - May 12, 2023
- How Can I Deal With Payday Loan Debt? - May 12, 2023