State of Connecticut Department of Banking

Bulletin 3248 - May 22, 2026

The Department of Banking News Bulletin

Bulletin # 3248 - Week Ending May 22, 2026

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.

BANK ACTIVITY

Order for Hearing

A hearing will be held on the application of One Forty Bank. to organize One Forty Bank, headquartered in Fairfield County, as a Connecticut innovation bank pursuant to Section 36a-70(t) of the Connecticut General Statutes. The hearing will take place on June 11, 2026, at 2:00 p.m. at the Department of Banking, 280 Trumbull Street, 16th Floor, Hartford, Connecticut, via videoconference, and via teleconference (860) 840-2075, Conference ID: 447 925 339#.

CREDIT UNION ACTIVITY

Conversion

On May 22, 2026, Nutmeg State Financial Credit Union, a Connecticut credit union headquartered in Rocky Hill, filed an application pursuant to section 36a-468b of the Connecticut General Statutes to convert into a federal credit union. The proposed target date for this conversion is in the third quarter of 2026. 

CONSUMER CREDIT DIVISION ACTIVITY 

ML Enterprise Inc. d/b/a Engine by MoneyLion d/b/a https://fiona.com/ f/k/a EVEN FINANCIAL INC.

On May 20, 2026, the Commissioner entered into a Consent Order (“Consent Order”) with ML Enterprise Inc. d/b/a Engine by MoneyLion d/b/a https://fiona.com/ f/k/a EVEN FINANCIAL INC. (NMLS # 1475872), (“ML Enterprise”), New York, New York. The Consent Order was based on an investigation by the Consumer Credit Division which stemmed from an examination of a licensee. As result of such investigation, the Commissioner alleged that, before February 1, 2021, ML Enterprise brokered small loans to prospective Connecticut borrowers without the required license, in violation of Section 36a-556(a)(2) of the Connecticut General Statutes, in effect at such time. As part of the Consent Order, ML Enterprise paid $10,000 as a civil penalty.

 

Dated: Tuesday, May 26, 2026

Jorge L. Perez
Banking Commissioner