The Department of Banking News Bulletin
Bulletin # 2974 - Week Ending February 19, 2021
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.
STATE BANK ACTIVITY
Interstate Branch Activity
On February 18, 2021, Berkshire Bank, a Massachusetts-chartered bank, filed notice pursuant to Connecticut General Statutes Section 36a-412 of the closing of its branches at 148 Broad Street in Windsor, Connecticut and 435 Hartford Turnpike in Vernon, Connecticut as of April 30, 2021. Any comments received by the Commissioner will be forwarded to the Massachusetts Division of Banks.
CONSUMER CREDIT DIVISION ACTIVITY
Consent Order
On February 11, 2021, the Commissioner entered into a Consent Order with Traditional Mortgage Acceptance Corporation d/b/a GoodLife Home Loans (NMLS # 971307) (“TMAC”), Bellevue, Washington. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that, from approximately 2016 to present, TMAC acted as a mortgage servicer while neither licensed nor exempt from licensure, in violation of Section 36a-718(a) of the Connecticut General Statutes. As part of the Consent Order, TMAC paid $10,000 as a civil penalty.
Jorge L. Perez
Banking Commissioner