Regulatory Alerts2016-09-23
Added · Updated
Bulletin 2744 - September 23, 2016
The Commissioner approved the merger of MiddConn Federal Credit Union into Dutch Point Credit Union, Inc. The Commissioner issued enforcement actions against Vision Financial Corp for failing to maintain a required surety bond and against National Credit Adjusters, L.L.C. for operating without a license and collecting on loans with excessive interest rates, requiring a $40,000 civil penalty and restitution. Additionally, the Commissioner issued a Notice of Intent to revoke The Dratel Group, Inc.'s broker-dealer registration due to FINRA expulsion and SEC sanctions, and issued cease and desist orders against John W. Evans and Bonnie A. Evans for offering unregistered securities and violating antifraud provisions.
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