Regulatory Alerts2026-06-09
Added · Updated
Immediate Final Order Against Springwell Financial Inc.
The Florida Office of Financial Regulation issued an Immediate Final Order against Springwell Financial Inc. for operating an unlicensed website that solicits banking services and deposits from the public. The regulator determined that the Respondents' unauthorized activities constitute an immediate danger to public health, safety, and welfare by misleading consumers into believing they are interacting with a legitimate financial institution. The Order mandates that Springwell Financial Inc. immediately cease and desist from all banking activities, stop representing itself as a financial institution, and dismantle its website and domain.