Regulatory Alerts2014-04-04
Added · Updated
Bulletin 2615 - April 4, 2014
The Connecticut Department of Banking approved Quinnipiac Bank & Trust Company's branch application in Hamden and scheduled the closing of Start Community Bank in New Haven. The Commissioner issued a modified order against CashCall, Inc., Western Sky Financial, L.L.C., and Martin A. Webb, requiring them to cease and desist from violating specific Connecticut General Statutes sections. The order mandates CashCall's mortgage lender license revocation, a $350,000 civil penalty, and restitution, while holding Western Sky and Webb jointly liable for these amounts. Additionally, the entities must remit $50,000 for consumer education and outreach concerning consumer credit matters.
Topics
Share