Pennsylvania Banking and Securities Department Announces Quarterly Report on Enforcement Orders

HARRISBURG, Pa., Oct. 7, 2015 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 11 enforcement orders during the third quarter of 2015. Fines and assessments for these orders totaled $281,300, including:

• One Consent Agreement and Order issued for violations of the Pennsylvania Securities Act of 1972;
• One Final Order issued for violations of the Pennsylvania Securities Act of 1972, under which one individual was barred permanently from the industry;
• Two Consent Agreement and Orders issued for violations of the Consumer Credit Code;
• One Consent Agreement and Order issued for violations of the Money Transmitter Act;
• Three Suspension Orders issued for violations of the Mortgage Licensing Act, under which the licenses of one company and one individual were terminated, and the licenses of two companies were suspended;
• One Cease and Desist Order issued for violations of the Mortgage Licensing Act;
• One Consent Agreement and Order issued for violations of the Mortgage Licensing Act; and
• One Consent Agreement and Order issued for violations of the Check Casher Licensing Act.

Comprehensive lists of enforcement orders administered by the Department of Banking and Securities are available online at www.dobs.pa.gov. 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