Regulatory Alerts2022-09-16
Added · Updated
Consent Order Regarding Torrington Wireless LLC
Torrington Wireless LLC must pay a $5,000 civil penalty in two installments and $1,900 in back-licensing fees to the Connecticut Department of Banking for operating a check-cashing business without a license from January 2019. The entity is prohibited from engaging in check cashing activities without obtaining the appropriate license for each location. The Banking Commissioner will not pursue further enforcement action regarding these specific allegations provided the terms are met, though the order remains a public record and reportable event on NMLS.
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