Regulatory Alerts2014-03-07
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Bulletin 2611 - March 7, 2014
The Connecticut Department of Banking issued enforcement actions against Arrowhead Investment, Inc. for operating without a license and charging interest exceeding 12% on loans under $15,000. SecurityNational Mortgage Company entered a Consent Order and paid a $4,500 civil penalty for accepting applications from an unlicensed mortgage loan originator. The Department also issued cease and desist orders and restitution requirements against the Law Offices of Timothy McCabe, P.A. and Consumer Assistance Project, Corp for providing unlicensed debt negotiation services.
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