Regulatory Alerts2022-01-28
Added · Updated
Bulletin 3023 - January 28, 2022
The Connecticut Department of Banking approved the relocation of a branch for Connecticut State Employees Credit Union, Inc., and noted PeoplesBank's planned closure of a West Suffield branch by April 23, 2022. The Commissioner entered into a Consent Order with Asure Software, Inc., requiring a $10,000 civil penalty and $3,375 in back licensing fees for unlicensed money transmission. Additionally, an Order to Cease and Desist and Notice of Intent to Fine were issued against Ruben Anibal Macedo for orchestrating a fraud scheme involving Latteno Food Corp. shares that generated approximately $1 million in profits.
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