Regulatory Alerts2015-05-08
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Bulletin 2672 - May 8, 2015
The Connecticut Department of Banking approved Evolve Bank & Trust to establish a loan production office in Southbury, Connecticut, and accepted the surrender of Condor Capital Corp.'s sales finance company license effective April 23, 2015. The Department entered into a Consent Order with Residential Mortgage Services Inc., requiring a $500 civil penalty for failing to update its NMLS filing and surety bond after a branch name change. Additionally, a Stipulation and Agreement imposed a $5,000 aggregate fine on First Connecticut Capital, LLC and its manager for selling unregistered securities, mandating three years of retained securities legal counsel.
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