CapexMD Settles with Connecticut for Unlicensed Loans
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
CapexMD, an Arizona-based company offering cash advances to individuals awaiting personal injury lawsuit payouts, has settled with Connecticut regulators over unlicensed loans and excessive interest rates. The company operated without a small-loan license in Connecticut since November 2023, charging borrowers rates surpassing the legal limit. CapexMD agreed to a consent order, establishing a restitution fund of up to $50,000 for affected borrowers and paying a $10,000 civil fine and $800 in back licensing fees. The company neither admitted nor denied the claims but applied for a Connecticut license in November 2025. This case underscores the risks in litigation funding and the states commitment to protecting consumers from predatory lending practices.
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