Regulatory Alerts2014-12-12
Added · Updated
Bulletin 2651 - December 12, 2014
The Commissioner sets the 2015 deposit index at 0.08%, establishing interest rates for rental security deposits, state claims, mortgage escrow accounts, and public service customer deposits effective January 1, 2015. United Bank is authorized to open a branch in North Haven, while Mutual Security Credit Union is scheduled to close a branch in New Fairfield. Enforcement actions include a Consent Order requiring Mader Law Group and related entities to pay restitution and a $1,000 civil penalty for unlicensed debt negotiation, and separate cease and desist orders imposing $100,000 civil penalties on Home Defense Team P.A. and LOCN Inc. for the same violation. Additional notices allege unlicensed check-cashing and debt negotiation activities by Rockville Corner Market and Preferred Law, PLLC, respectively, with restitution orders and hearing rights issued.