Regulatory Alerts2013-06-21
Added · Updated
Bulletin 2574 - June 21, 2013
The Commissioner approved the acquisition of Southern Connecticut Bancorp, Inc. and The Bank of Southern Connecticut by Liberty Bank, resulting in Liberty Bank as the sole surviving entity. The Commissioner issued amended enforcement notices against CashCall, Inc. for violations of mortgage lending statutes and failure to cooperate with examinations, and against Receivables Management Solutions Incorporated for failing to maintain a required surety bond and cooperate with examinations. Written comments regarding these actions must be submitted within ten days of the bulletin date.
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