Pennsylvania Banking and Securities Department Announces Quarterly Report on Enforcement Orders

HARRISBURG, Pa., Oct. 13, 2017 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 26 enforcement orders during the third quarter of 2017. Fines and assessments for these orders totaled $826,725.60, including:

• Nine Consent Agreement and Orders and two Cease and Desist Orders issued for violations of the Consumer Credit Code, two of which include indefinite suspensions;
• Four Consent Agreement and Orders and three Orders to Show Cause for violations of the Pennsylvania Securities Act of 1972;
• Two Consent Agreement and Orders and three Cease and Desist Orders issued for violations of the Mortgage Licensing Act, including a 30-day suspension;
• One Consent Agreement and Order and one Order to Show Cause and Cease and Desist Order for violations of the Consumer Discount Company Act, including a license revocation and a one-year bar from reapplication; and
• One Consent Agreement and Order 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. 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 and Securities

Related Links

http://www.state.pa.us