Stipulation and Consent Order - Daxton Fillmore

MI DIFS Directors Orders

Filed March 19th, 2026

Detected April 6th, 2026

Summary

The Michigan Department of Insurance and Financial Services (MI DIFS) issued a Directors Order and Stipulation accepting a consent agreement in Case No. 25-18469 involving Daxton Fillmore. The enforcement action addresses alleged violations of Michigan's Financial Institutions Code, with multiple monetary penalties and remediation provisions specified in the stipulation.

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What changed

MI DIFS entered into a Stipulation and Consent Order with Daxton Fillmore (Case No. 25-18469), resolving enforcement proceedings under the Michigan Financial Institutions Act. The consent order addresses violations of state banking regulations and consumer financial services laws, imposing specific monetary penalties and compliance requirements on the respondent. Multiple dollar amounts are specified in the order, including base penalties ranging from $10,000 to $15,000 and enhanced penalties.

Regulated entities operating in Michigan, particularly those engaged in consumer lending, money transmission, or financial advisory services, should review their compliance programs against Michigan Financial Institutions Code requirements. Any party named in related MI DIFS enforcement matters should consult legal counsel regarding stipulation negotiations and consent order terms. The order is binding and failure to comply with its terms may result in license revocation, additional fines, or further enforcement action.

What to do next

Review current licensing and compliance status against Michigan Financial Institutions Code requirements
Ensure all consumer-facing disclosures and lending practices meet state regulatory standards
Consult legal counsel if named in any related MI DIFS enforcement proceedings

Penalties

Base penalties of $10,000-$15,000 per violation; enhanced penalties for repeat violations

Source document (simplified)

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 

             

                

ff       tt    rt                       

  