Regulatory Alerts2013-05-10
Added · Updated
Bulletin 2568 - May 10, 2013
The Connecticut Department of Banking publishes branch activity applications, including consolidations, relocations, and filings by Rockville Bank, Litchfield Bancorp, and Savings Bank of Danbury, alongside a community reinvestment plan filed by Liberty Bank in connection with its merger with The Bank of Southern Connecticut. The bulletin details several enforcement actions, including Consent Orders requiring El Paisa Multiservices LLC to pay a $10,000 civil penalty, Madison Monroe & Associates to refund $10,000 and cease debt negotiation activities, McGuigan Law Office to pay $3,500 and cease unlicensed collection activities, and Compass Mortgage to surrender its license with a reapplication bar until November 1, 2013. Additionally, the Commissioner reversed a prior cease and desist order against Madison Monroe & Associates, revoked the license of Butler, Robbins & White, LLC for failing to maintain a surety bond, and imposed a $100,000 civil penalty on Claremont Funding, LLC for unlicensed debt negotiation.