DOB: Bulletin 2735 - July 22, 2016

The Department of Banking News Bulletin 

Bulletin # 2735
Week Ending July 22, 2016

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten days from the date of this bulletin.



STATE BANK ACTIVITY

Branch 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, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage.  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.

Date Bank Location Activity-Branch Type
07/18/16
Liberty Bank
Middletown
FROM:  215 Church Street
           New Haven, CT 06510
TO:      153 College Street
           New Haven, CT 06510
Relocation Effective
Date – Full Service
 

CREDIT UNION ACTIVITY
Branch Activity
 
Date Credit Union Location Activity
07/19/16
Mutual Security Credit Union
Shelton
12 Progress Drive
Shelton, CT  06484
Approved
 
 

CONSUMER CREDIT DIVISION ACTIVITY
Temporary Order to Cease and Desist, Order to Make Restitution, Notice of Intent to
Issue Order to Cease and Desist and Notice of Intent to Impose Civil Penalty
 
On July 14, 2016, the Commissioner issued a Temporary Order to Cease and Desist, Order to Make Restitution (“Order to Make Restitution”), Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (collectively “Notice”) in the Matter of:  American Billing & Collections, Inc. (“Respondent”), Newington, Connecticut.  The Notice was the result of an investigation by the Consumer Credit Division.  Among other allegations, the Commissioner alleges that Respondent acted within this state as a consumer collection agency without a consumer collection agency license, in violation of Section 36a-801(a) of the 2016 Supplement to the General Statutes, and engaged in unfair or deceptive acts or practices, in violation of Sections 36a-806(a) and 36a-808 of the Connecticut General Statutes.  Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Notice.
 
Dated: Tuesday, July 26, 2016


Jorge L. Perez
Banking Commissioner