The Department of Banking News Bulletin 

Bulletin # 3099 - Week Ending July 14, 2023

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.


Special Meeting

On August 1, 2023, pursuant to Sections 1-225 and 36a-70(i) of the Connecticut General Statutes, a special meeting of the Banking Commissioner will be held for the purpose of considering the application of the organizers of TNB USA Inc., Norwalk, Connecticut, for an extension of their Temporary Certificate of Authority to organize an uninsured bank. The meeting is scheduled to be held on August 1, 2023, at 10:00 a.m. via videoconference and via teleconference at (860) 840-2075, conference ID: 810 704 711#.  


Order to Cease and Desist and Order Imposing Civil Penalty

On July 6, 2023, the Commissioner issued an Order to Cease and Desist and Order Imposing Civil Penalty (“Order”) in the Matter of: REI Holdings, LLC d/b/a NEFF Companies, LLC d/b/a REI Holdings, NMLS # 1897917 (“REI”), Lehi, Utah. The basis of the Order was that REI’s acting within this state as a consumer collection agency without a consumer collection agency license constitutes violations of Section 36a 801(a) of the Connecticut General Statutes in effect at such time. The Commissioner ordered REI to cease and desist from violating Section 36a-801(a) of the Connecticut General Statutes and imposed a civil penalty in the amount of $100,000 upon REI. In addition, the Order to Make Restitution issued against REI on April 18, 2023, remains in effect and became permanent on May 10, 2023.


      Dated:  Tuesday, July 18, 2023

      Jorge L. Perez
      Banking Commissioner