Bulletin 2862 - December 28, 2018

State of Connecticut Department of Banking

The Department of Banking News Bulletin

Bulletin # 2862 - Week Ending December 28, 2018

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications.  Any observations you may have are solicited.  Any comments should be in writing to Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten business days from the date of this bulletin.

OUT-OF-STATE BANK ACTIVITY

Branch Activity

DATE: December 20, 2018

BANK: State Street Bank and Trust Company, Boston, MA

LOCATION: 600 Summer Street, Stamford, CT  06905

ACTIVITY-BRANCH TYPE: Notice of Planned Closing of Limited Branch

CREDIT UNION ACTIVITY

Branch Activity

DATE: December 24, 2018

CREDIT UNION: American Eagle Financial Credit Union, East Hartford

LOCATION: 427 West Avon Road, Avon, CT  06001

ACTIVITY: Filed to Open Branch

CONSUMER CREDIT DIVISION ACTIVITY

Consent Order

On December 17, 2018, the Commissioner entered into a Consent Order

with Tech Friends, Inc.

d/b/a

JailATM

(“TFI”), Jonesboro, Arkansas. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that TFI engaged in the business of money transmission in this state without a license, in violation of Section 36a-597(a) of the Connecticut General Statutes. As part of the Consent Order, TFI paid $5,000 as a civil penalty.

Dated: Wednesday, January 2, 2019

Jorge L. Perez Banking Commissioner