Financial Regulation

Arboretum Mortgage Corp Fined and License Revoked

The Washington Department of Financial Institutions has issued a consent order against Arboretum Mortgage Corporation, requiring a fine of $27,425 and an investigation fee of $2,719.20. The company's mortgage broker license is revoked, and its ability to participate in the industry is restricted until February 6, 2029, subject to compliance with the order.

State of Washington v. Joel John Sarysz - Consumer Loan Act Violations

The State of Washington Department of Financial Institutions has issued a consent order against Joel John Sarysz for violations of the Consumer Loan Act. Sarysz is fined $25,500 and prohibited from the mortgage broker and consumer loan industries in Washington until February 10, 2034.

Arboretum Mortgage Corp. License Revoked and Fined $27,425

The Washington Department of Financial Institutions has revoked the mortgage broker license of Arboretum Mortgage Corporation and imposed a fine of $27,425 for violations of the Mortgage Broker Practices Act. The company also must pay an investigation fee of $2,719.20.

ESMA Opinion on European Salmon Futures Position Limits

The European Securities and Markets Authority (ESMA) has issued an opinion on position limits for the European Salmon Futures contract traded on Euronext. This opinion provides guidance on the appropriate limits to prevent market abuse and ensure orderly trading conditions.

Consent Order: Banta and First Bank Mortgage Inc.

The Connecticut Department of Consumer Protection issued a consent order against Meera Banta and First Bank Mortgage, Inc. (d/b/a Money Tree) for alleged violations of real estate and mortgage lending laws. The order addresses improper fee structures and disclosures related to mortgage loans for residential property sales.

Connecticut Consumer Credit Division Administrative Orders

The Connecticut Department of Banking has published administrative orders for January 2026, including actions against Banta, Meera, First Bank Mortgage, Inc., Omnipoint Management Solutions LLC, and Set Forth, LLC. These orders detail enforcement actions related to consumer credit.

CT Dept of Banking v. Omnipoint Management Solutions LLC - Enforcement Action

The Connecticut Department of Banking has issued a Notice of Intent to Issue an Order to Cease and Desist and Impose Civil Penalty against Omnipoint Management Solutions LLC. The company, which is not licensed in Connecticut, is accused of violating consumer collection agency laws through harassing calls to a hospital's emergency line.

Connecticut Orders Set Forth LLC to Cease Unlicensed Debt Adjustment

The Connecticut Department of Banking has issued an order to Set Forth LLC to cease and desist from unlicensed debt adjustment activities. The order also intends to impose a civil penalty and requires restitution to consumers, following similar actions in Pennsylvania and Oregon.

Coinme Inc. Consent Order for Uniform Money Services Act Violations

The Washington State Department of Financial Institutions (DFI) issued a Consent Order against Coinme Inc. for violations of the Uniform Money Services Act. The order requires Coinme to cease violations, remediate matters from a multistate examination, and segregate customer virtual currency and cash assets.

Stratus Financial LLC Consent Order for Consumer Loan Act Violations

The Washington State Department of Financial Institutions issued a consent order against Stratus Financial LLC for violations of the Consumer Loan Act. Stratus Financial must pay an investigation fee, waive all interest and fees on student loans to Washington residents, and comply with record retention requirements.