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Regent banned from collecting debts

Regent Asset Management Solutions and its CEO Michael Scata are banned from engaging in the unlicensed collection of debt in Colorado after allegedly violating the state’s fair debt laws. The court order also requires that Regent pay the state $70,000 in civil penalties for its violation of the Colorado Consumer Protection Act. The order stems… Continue Reading Regent banned from collecting debts

DOI fines First American Insurance

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The Colorado Division of Insurance fined First American Title $303,000 for violation of state insurance laws, after a market conduct exam. “Market conduct exams ensure that Colorado insurers abide by state insurance laws and regulations, and that consumers are protected,” said Commissioner of Insurance Jim Riesberg. The investigation, which covered First American’s policies in 2009,… Continue Reading DOI fines First American Insurance

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Colorado Springs company fined by AG

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A Colorado Springs company has been ordered to pay more than $78,000 in fines by a Fremont County District Court judge. Independence Planning, also known as Alternative Lending of Colorado, its managing partner James W. Dale and April Bigler were accused of “irresponsible and deceptive lending practices,” said Colorado Attorney General John Suthers. “This settlement… Continue Reading Colorado Springs company fined by AG

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