Search Results test Massachusetts Division of Banking Institutions

Search Results test Massachusetts Division of Banking Institutions

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Massachusetts DOB Enters Consent Order With Company payday used cars Salem MO for Unlicensed Mortgage Lending and Illegal Charges

May 11, 2017, the Massachusetts Division of Banks (DOB) entered into a consent purchase having a Massachusetts domestic mortgage lending company, alleging that, between January 2013 and December 2016, the business involved with unlicensed residential home loan lending and charged charges in breach of Massachusetts legislation, and did not conform to the true…

Massachusetts DOB Issues Findings of Fact and Temporary Cease and Desist Order Against Loan Servicing business

On April 20, 2017, the Massachusetts Division of Banks (DOB) released Findings of Fact and a Temporary Order to Cease and Desist against that loan servicing business, alleging that the business involved with domestic home mortgage servicing methods that violate state and federal rules, and neglected to meet the demands…

Massachusetts Commissioner of Banks Enters Into Consent Order with Car Product Sales Finance Company

​On March 24, 2017, the Massachusetts Commissioner of Banks (“Commissioner”) joined into a permission purchase with a licensed car product sales finance business, agreeing to keep from further violations of Massachusetts state legislation regulating the conduct of car product sales financing. The permission order came following the Commissioner examined the ongoing business and afterwards given a…

Massachusetts Division of Banks Announces Return of $2.3 Million to customers Under payment with Payday Lender

On November 22, 2016, the Massachusetts Division of Banking institutions (“DOB) announced so it has returned roughly $2.3 Million to 1,673 Massachusetts residents, as an element of a settlement with a payday lender that is online. The lender that is payday issued pay day loans with interest levels between 89 and 135 %, and annual portion prices (APR) between…

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