Regulatory Alerts2014-04-18
Added · Updated
Bulletin 2617 - April 18, 2014
The Commissioner approved Union Savings Bank's sale of its Sharon branch to Salisbury Bank and Trust Company, and issued a non-objection to Salisbury's acquisition of that branch's assets and its consolidation with an existing Sharon location. Enforcement actions include a $100,000 civil penalty and cease and desist order against Fortress Law Group for unlicensed debt negotiation, and a $3,500 penalty against C.U. Members Mortgage Corporation for failing to file a required report. Notices of intent to issue cease and desist orders and impose penalties were also issued against Daniel Charles Allegrini for unlicensed debt negotiation and SolidTrust Pay for unlicensed money transmission.
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