Regulatory Alerts2025-06-06
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Bulletin 3198 - June 6, 2025
The Connecticut Department of Banking solicits public comments on Bankwell Bank's application to open a new branch in Brooklyn, New York, with written submissions due within ten business days. The Commissioner imposed $100,000 civil penalties and cease-and-desist orders on Lovely’s Boutique & Beauty LLC and Nasshon Thompson for failing to hold licensee funds in trust and remit payments. Additionally, Doc2Doc Lending, Inc. entered into a consent order requiring a $10,000 civil penalty and $400 in back licensing fees for unlicensed small loan activities in Connecticut.
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