MA Division of Banks Enforcement Actions

MutualOne Bank Consent Order

The Division of Banks and the FDIC have issued a consent order against MutualOne Bank. The order requires the bank's Board of Directors to ensure their supervision and direction of management are commensurate with the bank's size and risk profile, and to complete an independent assessment of the board and management within 90 days.

Order to Cease and Desist ATG Credit, LLC

The Massachusetts Division of Banks has issued a Temporary Order to Cease and Desist against ATG Credit, LLC, a licensed debt collector. The order stems from ATG Credit's alleged failure to provide access to its books and records for examination, a violation of state regulations.

Anthony Jacob Soss - Mortgage Loan Originator Violations Consent Order

The Massachusetts Division of Banks has issued a consent order against Anthony Jacob Soss for mortgage loan originator violations. Soss agreed to the order without admitting guilt, waiving his right to a hearing. The order stems from alleged violations related to continuing education requirements and adherence to the Nationwide Multi State Licensing System & Registry (NMLS) Rules of Conduct.

Wise US, Inc. Multistate Consent Order for AML/CFT Violations

Wise US, Inc. has entered into a multistate consent order with several state money transmission regulators due to violations of Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) programs. The order addresses deficiencies found in a multi-state examination, including issues with suspicious activity reporting and transaction monitoring.

Division of Banks v. Marla Taher Abdulnoor - Consent Order

The Massachusetts Division of Banks has issued a consent order against Marla Taher Abdulnoor, a licensed mortgage loan originator. The order stems from alleged failure to disclose a material fact in connection with her NMLS disclosures, following a prior order from the FDIC. Abdulnoor has agreed to refrain from all mortgage loan originator activities in Massachusetts.

Andy Market Corporation Ordered to Cease Unlicensed Check Cashing

The Massachusetts Division of Banks issued a Cease Directive to Andy Market Corporation for engaging in unlicensed check cashing activities. The directive orders the company to stop these operations and pay applicable fees, citing violations of state laws and regulations. The action stems from an examiner's observation of unlicensed check cashing and signage indicating illegal fees.