In accordance with Governor Lamont's emergency declaration, employees and the public are asked to observe social distancing measures to ensure communal safety and to slow the spread of the novel coronavirus (COVID-19). People are asked to work from home and telecommute wherever possible. Adhering to these instructions, the Department of Banking has closed its offices to the public. However, agency staff will continue to provide services to consumers and industry through telework. When contacting the Department, please use electronic communication whenever possible. Agency staff will continue to check voicemails during this time. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to and it will be routed appropriately. Thank you for your patience during this time.

The Department of Banking News Bulletin 

Bulletin # 2900 - Week Ending September 20, 2019


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 business days from the date of this bulletin.





On September 17, 2019, Mutual Security Credit Union (“MSCU”), a Connecticut credit union, and Merritt Federal Credit Union (“Merritt Federal”), a federal credit union, filed an application pursuant to Section 36a-468a of the Connecticut General Statutes seeking approval to merge Merritt Federal with and into MSCU. As part of the application, MSCU is proposing to expand its field of membership to include all select employee groups and current members that make up Merritt Federal’s field of membership.



Consent Order

On September 13, 2019, the Commissioner entered into a Consent Order with Heartland Payment Systems, LLC d/b/a HPS and Heartland Payroll Solutions, Inc. (NMLS # 1799654), both located in Atlanta, Georgia (collectively, “Heartland”). The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that Heartland engaged in the business of money transmission in this state without the required license, in violation of Section 36a-597(a) of the Connecticut General Statutes. As part of the Consent Order, Heartland paid $10,000 as a civil penalty and $2,450 as payment for back licensing fees.



JC Franchising Group LLC

On September 19, 2019, the Banking Commissioner entered into a Stipulation and Agreement (No. ST-19-895-B) with JC Franchising Group LLC of 2929 Stewart Drive, Suite 103, State College, Pennsylvania 16801. JC Franchising Group previously offered franchises under the "Mosquitoes Terminators" brand. The Stipulation and Agreement alleged that, prior to becoming eligible to claim an exclusion under the Connecticut Business Opportunity Investment Act, the franchisor rebranded its franchise offerings and sold unregistered "Green Home Solutions" franchises to Connecticut residents. In resolution of the matter, the franchisor agreed to refrain from regulatory violations and to pay $3,500 to the agency. Of that amount, $3,100 constituted an administrative fine and $400 represented past due business opportunity registration fees.

      Dated: Tuesday, September 24, 2019


      Jorge L. Perez
      Banking Commissioner