Regulatory Alerts2014-12-26
Added · Updated
Bulletin 2653 - December 26, 2014
The Commissioner approved Manufacturers and Traders Trust Company and UBS Bank USA to establish loan production offices in Connecticut, and authorized the conversion of American Eagle Federal Credit Union and Nutmeg State Federal Credit Union to state-chartered entities. Additionally, the Commissioner entered into consent orders with Guaranty Federal, Carollo Mortgage, Cellura Mortgagers, Mortgage Services, Stonegate Mortgage Corporation, and Global Client Solutions for violations including failure to file required reports and disclose regulatory actions. These entities paid civil penalties ranging from $500 to $2,500 as part of the resolutions.
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