The Department of Banking News Bulletin
Bulletin # 2753
Week Ending November 25, 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
Interstate Loan Production Office
On November 23, 2016, SunTrust Bank
, a Georgia-chartered commercial bank, withdrew its application to establish a loan production office at 200 Pemberwick Road in Greenwich, Connecticut. The application was initially filed November 8, 2016 pursuant to Section 36a-412(d) of the Connecticut General Statutes.
FOREIGN BANK ACTIVITY
On November 23, 2016, The Royal Bank of Scotland plc, with its principal place of business in Edinburgh, Scotland, United Kingdom, filed an application to establish a representative office at 600 Washington Boulevard, Stamford, Connecticut 06901 pursuant to Section 36a-428g of the Connecticut General Statutes.
STATE CREDIT UNION ACTIVITY
Nutmeg State Financial
Credit Union, Rocky Hill
971 Farmington Avenue
West Hartford, CT 06107
CONSUMER CREDIT DIVISION ACTIVITY
Order of Summary Suspension, Temporary Order to Cease and Desist, Notice of Intent to
Issue Order to Cease and Desist, Notice of Intent Not to Renew
Consumer Collection Agency License and Notice of Intent to Impose Civil Penalty
On November 10, 2016, the Commissioner issued an Order of Summary Suspension, Temporary Order to Cease and Desist, Notice of Intent to Issue Order to Cease and Desist, Notice of Intent Not to Renew Consumer Collection Agency License, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (“Order and Notice”) In the Matter of: M.A.D. Collection Agency, LLC a/k/a Global Recovery Team d/b/a Goldstein & Dun Associates
(NML# 1414547) (“Respondent”). The Order and Notice was the result of an investigation by the Consumer Credit Division. The Commissioner alleges that Respondent, among other things, violated Sections 36a-17(d), 36a-811(a) and 36a-811 of the Connecticut General Statutes, Section 36a-801(a) of the 2016 Supplement to the General Statutes and Section 36a 801(a) of the 2016 Supplement to the General Statutes, as amended by Public Act 16-65, Sections 36a-801(e) and 36a-801(i) of the 2016 Supplement to the General Statutes and Sections 36a-809-9(a) and 36a-809-11(11) of the Regulations of Connecticut State Agencies. The Commissioner found that public safety and welfare imperatively required emergency action to summarily suspend Respondent’s license to acts as a consumer collection agency in Connecticut and to issue a temporary order requiring Respondent to immediately cease and desist from violating the laws cited within the Order and Notice. Respondent was afforded an opportunity to request a hearing on the allegations set forth in the Order and Notice.
Dated: Tuesday, November 29, 2016
Jorge L. Perez