meta_id 3243576

On May 21, 2026, the Connecticut Department of Banking issued a Consent Order against FuturePay Holdings Inc., d/b/a FuturePay (NMLS # 2366387), resolving enforcement action initiated by the Banking Commissioner. The Commissioner alleged that FuturePay failed to submit audited financial statements for fiscal years ending December 31, 2023, and December 31, 2024, in violation of Section 36a-563 of the Connecticut General Statutes. This failure rendered the Commissioner unable to determine FuturePay's financial responsibility, constituting grounds for denial of license renewal under the Small Loan Lending and Related Activities statute (Part III of Chapter 668, Sections 36a-555 to 36a-573). On September 25, 2025, the Commissioner issued a Notice of Intent to Revoke and Refuse to Renew Small Loan License. FuturePay's small loan license, which had been active since November 21, 2022, expired on January 1, 2026. FuturePay did not request a hearing within the prescribed timeframe and instead agreed to resolve the matter by consent order without admitting or denying the allegations. The company represents that it has ceased conducting business as a small loan company in Connecticut. Under the Consent Order, FuturePay must submit a request on the Nationwide Multistate Licensing System and Registry (NMLS) to surrender its small loan license in Connecticut no later than the date of execution. The company must complete all surrender requirements within thirty days. If FuturePay fails to provide satisfactory evidence of compliance within forty days, its license will be summarily revoked without further notice or hearing opportunity. FuturePay waived its procedural rights, including the right to judicial review.