Regulatory Alerts2019-06-07
Added · Updated
Bulletin 2885 - June 7, 2019
The Connecticut Department of Banking entered into consent orders with Rosemarie Collazo, Paypool LLC, FIG Capital Investments LLC and related entities, and TFC Credit Corporation of California. Collazo is prohibited from holding specific positions in regulated financial entities without Commissioner consent and must pay a $5,000 civil penalty. Paypool LLC, the FIG entities, and TFC Credit Corporation paid civil penalties of $10,000, $20,000, and $10,000 respectively, along with back licensing fees for operating without required licenses. Additionally, New Horizons Credit Union, Inc. withdrew its application to establish a branch in Cheshire, Connecticut.
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