The Department of Banking News Bulletin
Bulletin # 2995 - Week Ending July 16, 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 directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.
CONSUMER CREDIT DIVISION ACTIVITY
On July 7, 2021, the Commissioner entered into a Consent Order with Geneva Financial, LLC (NMLS # 42056) (“Geneva Financial”), Chandler, Arizona. The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged that Geneva Financial failed to file with the Nationwide Multistate Licensing System and Registry a change of address of its branch office at least thirty (30) calendar days prior to such change and, in connection with such address change, failed to provide a bond rider or endorsement, or addendum, as applicable, to the surety bond on file with the Commissioner, in violation of Section 36a-490(b)(2) of the Connecticut General Statutes. As part of the Consent Order, Geneva Financial paid $500 as a civil penalty.
Dated: Tuesday, July 20, 2021
Jorge L. Perez