Consent Order Regarding Maple End Package Store

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IN THE MATTER OF: *
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MARVIN FRIEDMAN * CONSENT ORDER d/b/a MAPLE END PACKAGE STORE * * (“Maple End”) * *

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WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of
Part IV of Chapter 668, Sections 36a-580 to 36a-589, inclusive, of the Connecticut General Statutes,
“Check Cashing Services”;
WHEREAS, Maple End is a Connecticut business with a business address of 192 North Street, Bristol, Connecticut; WHEREAS, Maple End is not currently, nor has it ever been, licensed to engage in the business of cashing checks, drafts or money orders for consideration in Connecticut; WHEREAS, the Commissioner, through the Consumer Credit Division of the Department of Banking, conducted an investigation pursuant to Section 36a-17 of the General Statutes, in effect at such time, into the activities of Maple End to determine if it had violated, was violating or was about to violate the provisions of the Connecticut General Statutes and Regulations within the jurisdiction of the Commissioner; WHEREAS, as a result of such investigation, the Commissioner alleges that Maple End, in or about October 2019, engaged in the business of cashing checks, drafts or money orders for consideration

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  in Connecticut without licensure at its primary business address, in violation of Section 36a-581(a) of the Connecticut General Statutes; WHEREAS, the Commissioner believes that such allegation would support initiation of enforcement proceedings against Maple End, including proceedings to issue a cease and desist order against Maple End pursuant to Sections 36a-587(b) of the Connecticut General Statutes and Section 36a-52(a) of the Connecticut General Statutes, as amended by Public Act 21-130, and impose a civil penalty of up to one hundred thousand dollars ($100,000) per violation on Maple End pursuant to Sections 36a-587(b) of the Connecticut General Statutes and Section 36a-50(a) of the Connecticut General Statutes, as amended by Public Act 21-130; WHEREAS, initiation of such enforcement proceedings may constitute a “contested case” within the meaning of Section 4-166(4) of the Connecticut General Statutes; WHEREAS, Section 4-177(c) of the Connecticut General Statutes and Section 36a-1-55(a) of the Regulations of Connecticut State Agencies provide that a contested case may be resolved by consent order, unless precluded by law; WHEREAS, Maple End herein represents that upon receiving a notice on or about November 7, 2019 from the financial institution where it held its business account that the financial institution would no longer cash third-party checks, it immediately ceased cashing checks for customers and further represents that it shall not do so without licensure in the future; WHEREAS, both the Commissioner and Maple End acknowledge the possible consequences of formal administrative proceedings, and Maple End voluntarily agrees to consent to the entry of the sanctions imposed below without admitting or denying the allegation contained herein, and solely for the purpose of obviating the need for further formal administrative proceedings concerning the allegation contained herein; WHEREAS, the Commissioner and Maple End now desire to resolve the matters set forth herein;

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  WHEREAS, Maple End specifically assures the Commissioner that the violation described herein shall not occur in the future; WHEREAS, Maple End acknowledges that this Consent Order is a public record and is a reportable event for purposes of the regulatory disclosure questions on the Nationwide Multistate Licensing System and Registry (“NMLS”), as applicable; AND WHEREAS, Maple End, through its execution of this Consent Order, voluntarily agrees to waive its procedural rights, including a right to notice and an opportunity for hearing as it pertains to the allegation set forth herein, and voluntarily waives its right to seek judicial review or otherwise challenge or contest the validity of this Consent Order. CONSENT TO ENTRY OF SANCTIONS WHEREAS, Maple End, through its execution of this Consent Order, consents to the Commissioner’s entry of a Consent Order imposing the following sanctions:

1. No later than the date this Consent Order is executed by Maple End, Maple End shall remit to
   the Department of Banking by electronic funds transfer, cashier’s check, certified check or money order made payable to “Treasurer, State of Connecticut”, the sum of Two Hundred Fifty Dollars ($250) as a civil penalty; and
2. Maple End shall not engage in the business of cashing checks, drafts or money orders for
   consideration without obtaining a license to operate a check cashing general facility or limited facility for each location where such business is to be conducted, in violation of Section 36a-581(a) of the Connecticut General Statutes. CONSENT ORDER NOW THEREFORE, the Commissioner enters the following:
3. The Sanctions set forth above be and are hereby entered;
4. Upon issuance of this Consent Order by the Commissioner, this matter will be resolved and the
   Commissioner will not take any future enforcement action against Maple End based upon the allegation set forth herein; provided that issuance of this Consent Order is without prejudice to the right of the Commissioner to take enforcement action against Maple End based upon a violation of this Consent Order or the matters underlying its entry, if the Commissioner

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  determines that compliance with the terms herein is not being observed or if any representation made by Maple End and reflected herein is subsequently discovered to be untrue;

3. Maple End shall not take any action or make or permit to be made any public statement,
   including in regulatory filings or otherwise, denying, directly or indirectly, any allegation referenced in this Consent Order or create the impression that this Consent Order is without factual basis;
4. Subject to the foregoing, and so long as this Consent Order is promptly disclosed by Maple End
   and its control persons on NMLS, as applicable, nothing in the issuance of this Consent Order shall adversely affect the ability of Maple End to apply for or obtain an initial license or renewal license under Part IV of Chapter 668, Sections 36a-580 to 36a-589, inclusive, of the Connecticut General Statutes, provided all applicable legal requirements for such license are satisfied and the terms of this Consent Order are followed;
5. This Consent Order shall be binding upon Maple End and its successors and assigns; and
6. This Consent Order shall become final when issued.
   /s/_____________________________________
   Issued at Hartford, Connecticut Jorge Perez this 14th day of February 2022. Banking Commissioner

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  I, Marvin Friedman d/b/a Maple End Package Store, state that I have read the foregoing Consent Order; that I know and fully understand its contents; that I agree freely and without threat or coercion of any kind to comply with the sanctions entered and terms and conditions ordered herein; and that I voluntarily agree to enter into this Consent Order, expressly waiving the procedural rights set forth herein as to the matters described herein. By: /s/___________________________________ Name:
  Marvin Friedman d/b/a Maple End Package Store
  State of: Connecticut
  County of: Hartford
  On this the 11th day of February, 2022, before me, Richard J Minella, the undersigned officer, personally appeared Marvin Friedman d/b/a Maple End Package Store, who acknowledged himself to be the Owner of Maple End Package Store, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. In witness whereof I hereunto set my hand. /s/_____________________________________ Notary Public – Richard J Minella Date Commission Expires: 1/31/2025