Regulatory Alerts2014-06-06
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Bulletin 2624 - June 6, 2014
Lion Connecticut Holdings, Inc. filed an acquisition statement to acquire 100% of Voya Institutional Trust Company, while Bankwell Bank and Quinnipiac Bank & Trust Company applied for a merger under Section 36a-125. The Commissioner entered into consent orders requiring Umbrella Recovery Team LLC to pay a $5,000 civil penalty for unlicensed collection activities and Universal Debt Services Inc. to pay a $2,500 penalty for unlicensed debt negotiation. Additionally, a notice of intent to issue a cease and desist order and impose a civil penalty was issued against Mortgage Services, Inc. for failing to file required annual information on the Nationwide Mortgage Licensing System and Registry.
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