Pennsylvania Banking and Securities Department Announces Quarterly Report on Enforcement Orders

HARRISBURG, Pa., April 12, 2017 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 11 enforcement orders during the first quarter of 2017. Fines and assessments for these orders totaled $113,125, including:

• Six Consent Agreement and Orders issued for violations of the Consumer Credit Code;
• One Consent Agreement and Order and two Orders to Show Cause issued for violations of the Pennsylvania Securities Act of 1972;
• One Consent Agreement and Order issued for violations of the Money Transmitter Act; and
• One Cease and Desist Order issued for violations of the Mortgage 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

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SOURCE Pennsylvania Department of Banking and Securities