Regulatory Alerts2013-11-15
Added · Updated
Bulletin 2595 - November 15, 2013
The Connecticut Department of Banking announces the relocation of Ion Bank's branch in Meriden and solicits public comments on the associated community service plan within ten days. The Commissioner entered consent orders with C.M. Financial Services, Ganesh Associates, Residential Home Funding, and XCapital, each requiring a $2,500 civil penalty for violations of consumer credit and mortgage lending regulations. Additionally, the Commissioner imposed a $50,000 fine on Speed of Thought Trading Corporation and aggregate fines totaling $425,000 on seven other entities and individuals for defaulting on securities law violations.
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