The Department of Banking News Bulletin
Bulletin # 2537
Week Ending October 5, 2012
This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.
STATE BANK ACTIVITY
Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
Northwest Community Bank
FROM: 249 Winsted Road
Plaza Park North
Torrington, CT 06790
TO: 420 Winsted Road
Torrington, CT 06790
Essex Savings Bank
203 Middlesex Avenue
Chester, CT 06412
CONSUMER CREDIT DIVISION ACTIVITY
Order to Cease and Desist and Order Imposing Civil Penalty
On September 12, 2012, the Commissioner issued an Order to Cease and Desist and Order Imposing Civil Penalty against Attorney Processing Solutions, LLC (“Attorney Processing Solutions”) In the Matter of: The Mortgage Law Group, LLP a/k/a The Law Firm of Macey, Aleman & Searns (“Mortgage Law Group”) and Attorney Processing Solutions, LLC. The basis of the Order was that Attorney Processing Solutions engaged in debt negotiation in this state without obtaining the required license, in violation of Section 36a-671(b) of the Connecticut General Statutes, in effect prior to October 1, 2011. Attorney Processing Solutions was ordered to cease and desist from violating Section 36a 671(b) of the Connecticut General Statutes, in effect prior to October 1, 2011, and to pay a civil penalty in the amount of $100,000. Mortgage Law Group requested a hearing on the allegation against it.
Dated: Wednesday, October 10, 2012
Howard F. Pitkin