For Immediate Release

April 26, 2018

Banking and Securities Department Announces Quarterly Report on Enforcement Orders

Harrisburg, PA – The Department of Banking and Securities issued 10 enforcement orders during the first quarter of 2018. Fines and assessments for these orders totaled $138,500, including:

Four Consent Agreement and Orders, including a 10-year debarment, and one order issued for violations of the Pennsylvania Securities Act of 1972;

One Consent Agreement and Order issued for violations of the Consumer Credit Code;

Two Orders issued for violations of the Mortgage Licensing Act;

One Consent Agreement and Order issued for violations of the Mortgage Licensing Act and the Loan Interest and Protection Law; and

One Consent Agreement for violations of the Debt Settlement Services Act;

Comprehensive lists of enforcement orders administered by the Department of Banking and Securities are available online at www.dobs.pa.gov. Anyone can ask questions or file complaints concerning financial products or services by calling 1-800-PA-BANKS (or 800-600-0007) or visiting: www.dobs.pa.gov/Consumers/Pages/File-a-Complaint.aspx

Media contact: Ed Novak, 717-783-4721