Regulatory Alerts2017-04-21
Added · Updated
Bulletin 2774 - April 21, 2017
The Connecticut Department of Banking approved United Bank's relocation of a full-service branch in Springfield, Massachusetts. The Commissioner entered into consent orders requiring BillMo, LLC to obtain a money transmitter license and pay $3,000 in fees, and Praxis Financial Solutions, Incorporated to pay a $5,000 civil penalty while withdrawing an automatic suspension. Enforcement actions include a cease and desist order and potential civil penalties of up to $100,000 per violation against Ocwen Loan Servicing, LLC and Ocwen Business Solutions, Inc. for mortgage servicing and collection agency violations, alongside a $10,000 fine and cease and desist order against Ashleigh Cooper Swayze for securities registration failures.