Regulatory Alerts2025-02-25
Cease and Desist Order Against Twilightsaving and Trustunioncredits
The Pennsylvania Department of Banking and Securities issued a Cease and Desist Order against Twilightsaving and Trustunioncredits for operating as unauthorized financial institutions within the Commonwealth. The entities violated the Banking Code by engaging in receiving money for deposit or transmission and using deceptive names without proper state or federal authorization. The Order mandates that both entities immediately cease these illegal activities and comply with all applicable provisions of the Banking Code of 1965.
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