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10/12/2018

3rd Quarter 2018 Report on Enforcement Orders

Harrisburg, PA - The Department of Banking and Securities issued 18 enforcement orders during the third quarter of 2018. Fines and assessments for these orders totaled $241,230, including:

  • Four Consent Agreement and Orders issued for violations of the Debt Settlement Services Act;

  • Four Consent Agreement and Orders, one Summary Order to Cease and Desist, and one Findings of Fact, Conclusions of Law, and Order (issued by the Commission) issued for violations of the Pennsylvania Securities Act of 1972;

  • Three Consent Agreement and Orders issued for violations of the Consumer Credit Code;

  • Two Orders issued for violations of the Pawnbrokers Licensing Act, one of which included a voluntary license surrender;

  • One Consent Agreement and Order issued for violations of the Consumer Discount Company Act and the Loan Interest Protection Law;

  • One Order issued for violations of the Consumer Discount Company Act;

  • One Consent Agreement and Order issued for violations of the Money Transmitter Act.

Comprehensive lists of enforcement orders administered by the Department of Banking and Securities are available online. Anyone can ask questions or file complaints concerning financial products or services online or by calling 1-800-PA-BANKS (or 800-600-0007).

MEDIA CONTACT: Ed Novak - 717.783.4721

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