Regulatory Alerts2025-12-17
Pennsylvania Department of Banking and Securities Revocation Order Against Samco Financial Services Corp
The Pennsylvania Department of Banking and Securities revoked the check casher license of Samco Financial Services Corp for failing to pay examination fees and subsequent penalty invoices. The order mandates that Samco pay a total of $15,783.74, comprising the outstanding examination costs and a $10,000 fine, before the revocation can be lifted. The licensee has the right to request a hearing within 14 days of the order's issuance to contest these enforcement actions.
Share