Regulatory Alerts2026-02-06
Added · Updated
Bulletin 3233 - February 6, 2026
The Connecticut Department of Banking issued a Consent Order against Trumbull Credit Union for examination deficiencies and entered a Consent Order with First Bank Mortgage, Inc. d/b/a Money Tree and Meera Banta for mortgage lending violations, resulting in a $4,000 civil penalty for the firm and a $12,000 settlement for the individual. Additionally, the Banking Commissioner conditioned the investment adviser registrations of Layered Financial, LLC and Summer Family Advisors, LLC, imposing restrictions such as custody prohibitions, mandatory regulatory consulting, and reduced condition periods due to prior experience.