Regulatory Alerts2013-03-01
Added · Updated
Bulletin 2558 - March 1, 2013
The Connecticut Department of Banking announces the opening of a new Farmington Bank branch in Newington and details enforcement actions against various financial entities. The Commissioner revoked Wyse Financial Services' license and issued automatic suspensions against Zenith Acquisition Corp. for failing to maintain required surety bonds. Consent orders were entered with American Honda Finance, Charter Oak Lending Group, Alfano Wealth Advisors, Homeowners Finance, and Creative Media Consulting, resulting in civil penalties, licensing restrictions, or cease-and-desist orders for violations including unlicensed operations and failure to file reports. Additional notices and restitution orders were issued against Home Law Center and Sameer Qadri for engaging in unlicensed debt negotiation services.