Regulatory Alerts2026-05-06
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order against Lite Fintech LLC d/b/a Mipapaya and Hugo Padilla to resolve compliance violations regarding reporting failures and customer disclosures. The Respondents agreed to pay a $3,750 administrative fine and cease and desist from future violations of Chapter 560, Florida Statutes. This settlement concludes the administrative matter without further litigation or formal hearings.
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