Banking and Securities Department Announces Quarterly Report on Enforcement Orders

HARRISBURG, Pa., April 7, 2016 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 16 enforcement orders during the first quarter of 2016. Fines and assessments for these orders totaled $287,300, including:

• Three Consent Agreement and Orders issued for violations of the Pennsylvania Securities Act of 1972, including one order barring an individual and company from securities activities in the commonwealth;
• One Cease and Desist order issued for violations of the Pawnbrokers License Act;
• One Consent Agreement and Order issued for violations of the Check Casher Licensing Act;
• One Consent Agreement and Order issued for violations of the Money Transmitter Act;
• Six Consent Agreement and Orders issued for violations of the Consumer Credit Code; and
• Four Consent Agreement and Orders issued for violations of the Mortgage Licensing Act, including two orders resulting in the suspensions of licenses.

Comprehensive lists of enforcement orders administered by the Department of Banking and Securities are available online at www.dobs.pa.gov under "Public Info." Consumers can make inquiries or file a complaint against any company or individual regulated or licensed by the Department of Banking and Securities online or by calling 1-800-PA-BANKS (800-722-2657).

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking and Securities