Pennsylvania Banking and Securities Department Announces Quarterly Report on Enforcement Orders

HARRISBURG, Pa., Oct. 6, 2016 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 19 enforcement orders during the third quarter of 2016. Fines and assessments for these orders totaled $845,825.00, including:

• Four Consent Agreement and Orders and one Cease and Desist Order issued for violations of the Pennsylvania Securities Act of 1972;
  
  
• One Consent Agreement and Order issued for violations of the Mortgage Licensing Act;
  
  
• Two Consent Agreement and Orders and two Cease and Desist Orders issued for violations of the Money Transmitter Act;
  
  
• Four Consent Agreement and Orders issued for violations of the Consumer Credit Code;
  
  
• One Consent Agreement and Order and one Cease and Desist Order for violations of the Check Casher Licensing Act;
  
  
• Two Consent Agreement and Orders issued for violations of the Pawnbrokers Licensing Act, one of which included the surrender of a license and the other a five-year prohibition; and
  
  
• One Consent Agreement and Order for violations of the Debt Settlement Services Act.

Comprehensive lists of enforcement orders administered by the Department of Banking and Securities are available online at www.dobs.pa.gov. Anyone can ask questions or file complaints concerning financial products or services by calling 1-800-PA-BANKS (or 800-600-0007) or visiting: www.dobs.pa.gov/Consumers/Pages/File-a-Complaint.aspx

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking

Related Links

http://www.dobs.pa.gov