Regulatory Alerts2024-05-20
Consent Agreement and Order: Commonwealth of Pennsylvania Department of Banking and Securities v. Gaughan Auto Store
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Gaughan Auto Store for violating the Consumer Credit Code by failing to maintain a required written information security program. The settlement requires the licensee to pay a $500 civil penalty and implement corrective actions to comply with Gramm-Leach Bliley Act standards. Gaughan Auto Store waived its right to a hearing or appeal in exchange for resolving the matter without further litigation.
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