PR Newswire: news distribution, targeting and monitoring
See more news releases in Banking & Financial Services

Pennsylvania Banking Department Announces First-Quarter Enforcement Actions

Share with Twitter Share with LinkedIn

HARRISBURG, Pa., April 7, 2011 /PRNewswire-USNewswire/ -- The Department of Banking's Bureau of Compliance, Investigation and Licensing took 150 enforcement actions during the first quarter of 2011. Within these actions, the department:

  • Issued 34 orders against companies engaged in unlicensed mortgage loan activity, resulting in cumulative fines of $502,150.
  • Issued 36 orders against companies for other violations, resulting in cumulative fines of $407,050.  Six of these orders were against companies engaged in unlicensed loan modifications and eight companies were engaged in other unlicensed mortgage loan activities.
  • Suspended 81 mortgage originator licenses.
  • Revoked one mortgage broker license.
  • Prohibited six individuals from engaging in the mortgage business in Pennsylvania.

A comprehensive list of enforcement actions taken by the Department of Banking against nondepository institutions and individuals is available online at

Consumers can file a complaint against any company regulated by the Department of Banking online or by calling 1-800-PA-BANKS.

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking


Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.



PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.


Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.


Online Member Center

Not a Member?
Click Here to Join
Search News Releases
Advanced Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release