Regulatory Alerts2014-08-08
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Bulletin 2633 - August 8, 2014
The Connecticut Department of Banking entered into Consent Orders with Cardinal Financial, PMAC Lending, American Equity Mortgage, and Landmark Mortgage, imposing civil penalties of $500 or $2,500 for violations regarding branch address filings and mortgage call report submissions. The Department accepted the surrender of the consumer collection agency license for Central Credit Services, Inc., effective July 31, 2014. Additionally, the Commissioner issued orders requiring Mader Law Group, American Financial Law Group, Meridian Law Group, and Eric Andrew Mader to cease debt negotiation activities and make restitution to Connecticut residents for unlicensed operations.
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