Regulatory Alerts2022-05-13
Added · Updated
Bulletin 3038 - May 13, 2022
M&T Bank must close seven Connecticut branches by August 12, 2022, while Achieve Financial Credit Union is permitted to relocate a branch within Meriden. Connecticut Medical Financial Services, Inc. faces automatic suspension, license revocation intent, cease and desist orders, and civil penalties for examination non-compliance and bond failures. SoLo Funds, Inc. is subject to a temporary cease and desist order, restitution requirements, and penalty notices for unlicensed lending and deceptive practices. Sage Financial Design, Inc. and Robert Sheldon Thompson are fined $50,000 and must retain an independent consultant for supervisory and custodial violations.
Share