Regulatory Alerts2016-12-02
Added · Updated
Bulletin 2754 - December 2, 2016
The Connecticut Department of Banking announces the relocation of United Bank’s branch in Worcester, Massachusetts, and sets the 2017 deposit index at 0.08%, establishing specific interest rates for rental security deposits, state claims, mortgage escrow accounts, and customer security deposits. The Commissioner issued enforcement actions against Praxis Financial Solutions for failing to maintain a required surety bond and against Raul G. Coto Chang for unlicensed debt negotiation, including orders to cease operations and make restitution. Additionally, an order to cease and desist was issued against former broker-dealer agent Hai Khoa Dang for failing to disclose a personal loan from a customer.
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