Whats New on Website 2004-2012
What's New on the DOB Website 2004-2012
November 2012
Governor Dannel P. Malloy, Attorney General George Jepsen and the Department of Banking co-hosted their fourth Homeowners Mortgage Assistance Event on Wednesday, November 28, 2012, from 10:00 a.m. to 7:00 p.m. at the Conference Center at CoCo Key, in Waterbury, CT. This free event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.
October 2012
The Banking Commissioner and Attorney General George Jepsen issued Public Service Announcements in both English and Spanish to help distressed homeowners. Video versions may be found on the Attorney General's website.
September 2012
On September 11, 2012, the Commissioner issued a Declaratory Ruling in response to the Petition of Persels & Associates, LLC for Declaratory Ruling Regarding Application of Attorney Exemption under Debt Negotiation Statutes.
July 2012
Governor Dannel P. Malloy, Attorney General George Jepsen and the Department of Banking co-hosted a Homeowners Mortgage Assistance Event on Tuesday, July 10, 2012, from 10:00 a.m. to 7:00 p.m. at the University of Connecticut in Storrs, CT. This free event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.
Podcast: Listen to event organizers discuss the event.
March 2012
The Department of Banking, in conjunction with Governor Dannel P. Malloy and Attorney General George Jepsen, hosted its second Homeowners Mortgage Assistance Event on March 29, 2012, from 10:00 a.m. to 7:00 p.m. at the Webster Bank Arena in Bridgeport, CT. This free event provided an opportunity for Connecticut homeowners to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.
January 2012
Online websites such as Facebook, Twitter, YouTube and LinkedIn have become more popular than ever, and allow people to connect to one another more quickly and easily than ever before. Be informed when it comes to online investing through social networks, and learn how to protect yourself from fraud with the Informed Investor Advisory: Social Networking.
November 2011
The Department of Banking, in conjunction with Governor Dannel P. Malloy and Attorney General George Jepsen, hosted a Homeowners Mortgage Assistance Event on November 15, 2011, from 10:00 a.m. to 7:00 p.m. at the Connecticut Convention Center. This free event provided an opportunity for Connecticut homeowners to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.
October 2011
Effective October 1, 2011, there are new licensing requirements for Loan Processors/Underwriters. The agency also offers exempt registration for the mortgage industry.
June 2011
The Department of Banking issued the results of 2010 surveys of state-chartered banking institutions and state-chartered credit unions to ascertain what types of electronic products and services are offered to customers.
April 2011
As part of the standardization of all state agencies, the Department of Banking's website has upgraded to a new design template.
The Department of Banking has developed a new Online Customer Assistance Form as a convenient and secure way for the public to submit inquiries or complaints to the agency.
February 2011
The Department of Banking partnered with the Consumer Federation of America's America Saves Week to promote personal savings and wise investing.
In recognition of his many years of service to the agency, the Commissioner has authorized the release of a special Securities Bulletin issue dedicated to outgoing Securities Division Director Ralph Lambiase.
December 2010
Governor-Elect Dan Malloy announced that he has chosen to reappoint Howard Pitkin to be the commissioner of the Connecticut Department of Banking. Commissioner Pitkin has lead the department for more than five years, and began his career at the Department of Banking more than 30 years ago.
September 2010
On September 26, 2010, the National White Collar Crime Center (NW3C) Board of Directors presented the Department of Banking’s Securities and Business Investments Division with NW3C’s Member Agency Award for Excellence for contributions involving the prevention, investigation and prosecution of economic and high-tech crime.
July 2010
The Department of Banking and the North Central Area Agency on Aging co-hosted an Elder Financial Fraud Seminar on July 20, 2010. Elder service providers, social workers, law enforcement and caregivers were among those who attended and learned about choosing a financial planner and how to avoid investment fraud.
May 2010
The Department of Banking’s Securities Division and AARP joined forces to launch the Free Lunch Monitor program, which gives individuals an opportunity to report possibilities of investment fraud in their communities to state securities authorities for investigation.
February 2010
With the launch of NMLS Consumer Access, Connecticut consumers may now easily access information concerning state-licensed mortgage companies, branches, and individuals.
October 2009
As of October 1, 2009, Debt Settlement Companies, Short Sale Consultants and Providers of Loan Modification, Foreclosure Rescue or providers of similar types of services are required to obtain a Debt Negotiation license from the Department of Banking.
July 2009
The Department recently posted two new guides designed especially for military personnel and their families. These on-line guides provide practical information on investing, saving for retirement and avoiding investment frauds and scams.
Personal Finance Guide for Military Families
February 2009
Funded by a grant from Investor Protection Trust, the Department of Banking joined forces with AARP to develop a series of radio spots, titled "The Informed Investor". The goal of this campaign to help the public make informed investment decisions and to raise awareness of the resources that are available through AARP and the Connecticut Securities Division.
Airing on radio stations throughout the state, each spot includes an introduction by Governor M. Jodi Rell.
December 2008
Commissioner Pitkin determined the 2009 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.
October 2008
The Departments of Banking and Insurance are participating in five statewide "Financial Workshops", sponsored by Governor Rell's office to address concerns about investments.
September 2008
As part of the Campaign for Wise and Safe Investing, the Department of Banking and AARP hosted a fraud protection seminar for seniors on Wednesday, September 24, 2008 at the Four Points by Sheraton in Meriden, CT.
July 2008
On July 1, 2008, the Department of Banking began participation in the Nationwide Mortgage Licensing System (NMLS). NMLS was designed to streamline the licensing process, improve supervision and increase transparency in the mortgage industry.
June 2008
As part of its investor education and outreach program, this summer the Department of Banking is conducting presentations at senior centers throughout the state to help consumers learn how to avoid investment scams. The program is coordinated in cooperation with AARP-Connecticut as part of the "Campaign for Wise and Safe Investing."
April 2008
The Department of Banking participated in a series of housing fairs designed to assist homeowners who are experiencing difficulties in paying their mortgages. These informational forums, sponsored by the Connecticut Housing Finance Authority, took place in Norwich, Waterbury, Hartford, Bridgeport and New Haven.
March 2008
The Department of Banking and AARP Connecticut participate in National Consumer Protection Week and announce plans to host joint educational events in 2008. A joint release was issued - Consumer Protection and Financial Security Go Hand in Hand.
February 2008
The Department of Banking receives national reaccreditation from the Conference of State Bank Supervisors.
December 2007
Governor Rell and Banking Commissioner Pitkin remind holiday shoppers to be cautious and protect their financial information while shopping on-line.
Commissioner Pitkin determined the 2008 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.
November 2007
The final report of the Governor's Sub-Prime Mortgage Task Force was issued on November 9, 2007.
Ocober 2007
Securities Director Ralph Lambiase was selected by the state’s Management Advisory Council to receive the Distinguished Managerial Service Award for 2007 in recognition of his leadership in state service.
August 2007
Governor M. Jodi Rell and Banking Commissioner Howard Pitkin announced the establishment of a Mortgage Foreclosure Assistance Hotline - (877) 472-8313 - for Connecticut’s residents who are facing foreclosure on their homes.
July 2007
A new consumer education page provides homeowners who are having trouble paying their mortgage with advice on avoiding foreclosure.
The Governor’s Task Force on Sub-Prime Mortgage Lending held an open meeting to give the public an opportunity to address the task force. The public forum took place on July 10, 2007 at the Legislative Office Building in Hartford.
May 2007
To help protect seniors from investment fraud, AARP Connecticut, the Connecticut Department of Banking Securities Division and the U.S. Securities and Exchange Commission sponsored a free Safe Investing Seminar on May 14, 2007.
April 2007
Governor Rell convened a task force of banking and mortgage experts to examine and make recommendations regarding the issue of sub-prime lending in Connecticut. Banking Commissioner Howard Pitkin and Gary King, President of CHFA will co-chair the task force.
January 2007
Governor Rell Formally Nominates Howard Pitkin as Commissioner of the Department of Banking
Governor Rell Formally Nominates Alan Cicchetti as Deputy Commissioner of the Department of Banking
December 2006
Commissioner Pitkin determined the 2007 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.
November 2006
The Department of Banking partnered with Go Direct, a national campaign to encourage people who receive Social Security and other government benefits as paper checks to switch to direct deposit.
October 2006
A new Web site and telephone line provide information about the January 2006 multi-state settlement with Ameriquest Mortgage Company. The site provides details on who may be eligible to receive restitution payments, as well as answers to frequently asked questions.
September 2006
After serving for nearly twelve years, Commissioner John P. Burke retired from the Department of Banking. Governor M. Jodi Rell expressed her appreciation to Commissioner Burke for his exceptional service to the state and his commitment to Connecticut consumers.
May 2006
New laws concerning banks, credit unions, consumer credit and securities were enacted by the General Assembly in the 2006 legislative session.
The Commissioner has published for public comment a Notice of Intent to Amend Regulations concerning collection practices of creditors.
April 2006
Banking Commissioner, Attorney General, DCP Announce $750,000 Settlement in Waterbury Home Purchase Scam
March 2006
As part of an ongoing effort to stay ahead of counterfeiting the U.S. Department of the Treasury's Bureau of Engraving and Printing issued a redesigned $10 note. This is the third in a series of designs which began with the introduction of the $20 note in October, 2003, and continued with the $50 note issued in September, 2004.
Governor M. Jodi Rell, Connecticut Department of Banking, and Connecticut Housing Finance Authority announce return of the Urban Rehabilitation Homeownership ("UR Home") Program to increase homeownership in Connecticut's urban areas.
February 2006
In light of recent lottery scams involving counterfeit cashier's checks, the Department of Banking issued new alerts for banks.
January 2006
Department of Banking to Receive $5.5 Million in Settlement With UBS Financial Services, Inc.
Commissioner Burke determined the 2006 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.
October 2005
Commissioner Burke issues Statement of Policy affecting investors and/or financial professionals displaced as a result of Hurricane Katrina or Rita.
Banking, Securities and Related Laws - New compilations of banking, securities and related laws, updated to October 2005, are available for free download on the department's Web site.
September 2005
The United States unveils new $10 notes designed to discourage counterfeiting, slated for release into circulation in early 2006.
Governor M. Jodi Rell, concerned about the growing vulnerability of Connecticut residents to identity thieves and financial predators, issued an executive order establishing an Identity Theft Advisory Board. The Banking Commissioner will serve on the board, expected to issue a report in January, 2006 on recommendations for improving the State's laws and policies.
The Department of Banking launches its new portal Web site with re-organized pages and new content for improved customer service.
August 2005
Governor M. Jodi Rell and Commissioner John P. Burke announced that as of September 1st Connecticut consumers may obtain a free copy of their credit report once a year.
Commissioner Burke Issues Lottery Scam Alert Connecticut Consumers
July 2005
Connecticut conducts a "disclosure review" of applications for securities registration. (By contrast, other states may conduct a so-called "merit review" of offerings within their borders). As a non-comprehensive guide, the Securities Division has prepared a series of registration disclosure tips for Connecticut issuers.
May 2005
Department of Banking statement regarding the closure of Need Action Federal Credit Union, Inc.
March 2005
Banking Commissioner Announces "Top 10" Threats to Investors
February 2005
- Compliance Programs for State-Registered Investment Advisers in the wake of new federal requirements
- Investment Advisory Codes of Ethics
- Custody Requirements Updated for State-Registered Investment Advisers
January 2005
New provisions of Connecticut law take effect to deter identity theft. Businesses and people may not print more than the last five digits of a credit or debit account number on a consumer's receipt and individuals, firms and corporations are prohibited, with certain exceptions, from publicly disclosing Social Security numbers.
2005 interest rate: In accordance with state law, the Banking Commissioner determined the interest rate to be paid on claims for property, funds, or money delivered to the State Treasurer, mortgage escrow accounts, public service company and electric supplier customer security deposits and tenant security deposits for the calendar year of 2005.
December 2004
Banking Commissioner Warns About Fraudulent Holiday Season E-Mails
April 2004
Responsibility for the licensing of check cashing services and money transmitters and issuers of money orders and travelers checks was assumed by the Consumer Credit Division.
An amended Accredited Investor Order was signed by the Commissioner and posted on the Web site.
March 2004
Broker-Dealer Examination Program:
What can you expect during a Securities Division examination? What happens if a problem is discovered? A new summary offers broker-dealers insight into the Division's examination process and spotlights some of the issues the Division reviews during inspections.
February 2004
Department Reorganization: The department's Bank Examination and Credit Union Divisions were merged into the Financial Institutions Division. The Government Relations and Communications Division was renamed Government Relations and Consumer Affairs and was expanded to include consumer assistance and outreach previously done in the agency's operating divisions.