The Department of Banking News Bulletin
Bulletin # 2515 - Week Ending May 4, 2012
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 Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.
CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
| Date | Check Casher | Location | Activity |
|---|---|---|---|
| 4/30/12 |
McNee LLC
d/b/a United Check Cashing
|
454 Franklin Avenue
Hartford, CT 06114
|
Filed
|
| 5/02/12 |
Amado America LLC
d/b/a J&M Check Cashing
& Money Wire Store
|
21 New Britain Avenue
Hartford, CT 06106
|
Approved |
| 5/03/12 |
TP and CS, LLC
d/b/a Check Cashing & More
|
629 Connecticut Avneue
Bridgeport, CT 06607
|
Approved |
Notice of Automatic Suspension, Temporary Order to Cease and Desist, Notice of Intent to Revoke and Refuse to Renew Consumer Collection Agency License, Notice of Intent to Issue Order to Cease and Desist
Consent Orders
On April 20, 2012, the Commissioner entered into a Consent Order with John Mazza (“Mazza”). The Consent Order was based on an investigation by the Consumer Credit Division. As a result of such investigation, the Commissioner alleged in a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing issued on July 30, 2010, that during the period of June 27 through September 17, 2009, Mazza, in connection with three (3) residential mortgage loan applications, knowingly made false statements with intent to defraud and for the purpose of influencing the action of a licensed mortgage correspondent lender, in violation of Section 36a-56 of the Connecticut General Statutes, and that Mazza’s making false statements constitutes acts of fraud or misrepresenting, concealing, suppressing, intentionally omitting or otherwise intentionally failing to disclose material particulars of residential mortgage loan transactions to someone entitled to such information, as provided in Section 36a-494(b) of the 2010 Supplement to the General Statutes. As part of the Consent Order, Mazza shall be barred for three (3) years commencing from July 30, 2010, from acting as a director, officer, partner, member, sole proprietor, shareholder, trustee, qualified individual, branch manager, employee, agent of or otherwise acting in any other capacity with any entity required to be chartered, licensed or registered, or otherwise comes within the jurisdiction of the Commissioner, and from individually acting in any capacity that would require licensure or registration by the Commissioner.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Order to Cease and Desist and Notice of Intent to Fine Issued
On May 3, 2012, the Banking Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing against Eric Olojugba a/k/a Olufemi Olojugba a/k/a Eric Oluwarotimi Olojugba, a previously registered broker-dealer agent and investment adviser agent in Connecticut. The respondent’s last known address is 295 Greenwich Street, #139, New York, New York. The action alleged that, in contravention of Section 36b-31-14e(a) of the Regulations under the Connecticut Uniform Securities Act, the Respondent failed to update his Form U-4 (Uniform Application for Securities Industry Registration or Transfer) filings to reflect his current residential address and his outside business activities with CRG Partners and Discoverpoint Holdings (Group) LLC. The Respondent was afforded an opportunity to request a hearing on the Order to Cease and Desist and Notice of Intent to Fine.