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> Depository and Licensee Enforcement Activity |
Depository and Licensee Enforcement Activity |
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| Depository Enforcement |
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| 2012 |
Institution: Cornerstone Bank
Type of Action: Consent Order - issued in parallel with the Federal Deposit Insurance Corporation
Effective Date: October 22, 2012
Reason: Safety and soundness issues related to Management, Board Participation, Asset Quality, Loan Review Program, Loan Policy, Capital, Profit and Budget Plan, and Strategic Plan |
Institution: Crown Bank
Type of Action: Consent Order - issued in parallel with the Federal Deposit Insurance Corporation
Effective Date: May 1, 2012
Reason: Safety and soundness issues related to Management, Board Participation, Asset Quality, Loan Review Program, Loan Policy, Concentration of Credit, and Bank Secrecy Act |
Institution: Parke Bank
Type of Action: Consent Order - issued in parallel with the Federal Deposit Insurance Corporation
Effective Date: April 13, 2012
Reason: Safety and soundness issues related to Management, Board Participation, Asset Quality, Interest Reserves and Interest-Only Terms, Loan Review Program, Loan Policy, Concentration of Credit, and Profit and Budget Plan |
Institution: Mariner's Bank
Type of Action: Consent Order - issued in parallel with the Federal Deposit Insurance Corporation
Effective Date: January 27, 2012
Reason: Safety and soundness issues related to Management, Board Participation, Insider Transactions, Affiliate Transactions, Capital, Asset Quality, Earnings, Internal Routines and Controls, and Funds Management |
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| 2010 |
Institution: New Millennium Bank
Type of Action: Consent Order - issued in parallel with the Federal Deposit Insurance Corporation
Effective Date: November 16, 2010
Reason: Safety and soundness issues related to Capital, Asset Quality, Management, Earnings, Liquidity, Sensitivity to Market Risk and Information Technology functions |
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| 2009 |
Institution: Amboy Bank
Type of Action: Written Agreement - issued in parallel with the Federal Reserve Bank of New York
Effective Date: June 29 , 2009
Reason: Safety and Soundness issues related to Capital, Asset Quality, Earnings, Management, Liquidity and Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Compliance |
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| Office of Consumer Finance Enforcement |
| Previous Years: 2012 > 2011 > 2010 > 2009 > 2008 > 2007 > 2006 |
| April 2013 |
Consent Orders
Rapid Check Cashing, Inc.
Domenic Pucillo
Consent Order #E13-012788, April 1, 2013. Licensee agreed to cease cashing checks at locations under the name Rapid Check Cashing until those locations are properly licensed as branches of same and agreed to ensure that all customer receipts identify the proper licensed name. Licensee agreed to pay an administrative penalty. Penalty: $5000.
James B. Nutter & Company
George Lopez
Consent Order #E11-011141, April 25, 2013. Licensed mortgage lender agreed to cease collecting impermissible fees. Licensee agreed to pay an administrative penalty. Penalty: $4,000.
Order to Show Cause
C & F, Inc.
Richard D. Fernandez
Order to Show Cause #E12-012364, April 1, 2013. Licensed casher of checks allegedly violated certain provisions of the Check Cashers Regulatory Act of 1993, governing the failure to make active use of licensed locations. Licensee ordered to show cause why his license should not be suspended or revoked, and why he should not be held liable for administrative penalties. Licensee has the right to request a hearing within 20 calendar days from the date of service.
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