Regulatory Alerts2005-08-05
Added · Updated
News Bulletin 2163 - August 5, 2005
The Connecticut Department of Banking approved Connex Credit Union, Inc. to offer member business loans and listed branch filing and opening dates for The Connecticut Bank and Trust Company and Connecticut River Community Bank. The Commissioner entered into a settlement with Oasis Partners LLC d/b/a American Cash Exchange, requiring a $9,000 civil penalty and a license for check cashing operations. Additionally, the Commissioner summarily suspended Matrix Investment Corporation's mortgage licenses and proposed a $700,000 civil penalty due to failures in disbursing loan proceeds, denying access, and making material misrepresentations on renewal applications.
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