Regulatory Alerts2024-11-01
Added · Updated
Bulletin 3167 - November 1, 2024
The Connecticut Department of Banking approved Mutual Security Credit Union to establish a branch in Bridgeport with a proposed opening date of April 1, 2025. The Commissioner issued enforcement actions against Americay Mortgage Corporation and Christopher Jon Gilnack, including automatic suspension of their mortgage broker licenses and notices of intent to revoke licenses, cease and desist orders, and civil penalties for violations of net worth, disclosure, and licensing requirements. Coinme Inc. faced summary suspension of its money transmission license, restitution orders for consumer scams, disgorgement of fees, and notices of intent to revoke its license due to unsafe practices and failure to maintain required net worth. Additionally, Roadrunner Account Services entered a consent order to pay a $10,000 civil penalty and $800 in back licensing fees for operating as an unlicensed sales finance company.