Pennsylvania Banking and Securities Department Announces Quarterly Report on Enforcement Orders

HARRISBURG, Pa., July 12, 2016 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 18 enforcement orders during the second quarter of 2016. Fines and assessments for these orders totaled $118,830, including:

• Two Consent Agreement and Orders issued for violations of the Pennsylvania Securities Act of 1972;
• One Cease and Desist Order issued for violations of the Pawnbrokers License Act;
• One Order to Revoke License issued for violations of the Pawnbrokers License Act;
• Two Consent Agreement and Orders issued for violations of the Money Transmitter Act;
• One Cease and Desist Order issued for violations of the Consumer Credit Code;
• One Consent Agreement and Order for violations of the Check Casher Licensing Act, which includes license revocation, five-year prohibitions, and customer restitution;
• Four Consent Agreement and Orders issued for violations of the Consumer Credit Code; and
• Six Consent Agreement and Orders issued for violations of the Consumer Discount Company 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

Related Links

http://www.dobs.pa.gov