Regulatory Alerts2023-08-11
Added · Updated
Bulletin 3103 - August 11, 2023
The Connecticut Department of Banking solicits public comments on Berkshire Bank's application to establish a loan production office in Hartford, with written submissions due within ten business days. The Commissioner issued enforcement actions against West Realm Shires Services Inc. d/b/a FTX US for failing to transmit monetary value and maintain surety bonds, while entering into consent orders requiring Barrett Financial Group to pay a $500 civil penalty and FTL Capital Partners to pay $10,400 in penalties and fees for licensing violations. Additionally, Legal Funding, LLC d/b/a Crash Advance was ordered to pay $25,000 in penalties and restitution for unlicensed lending, and Robinhood Financial LLC agreed to a $200,000 fine for supervisory failures and platform outages.