Division of Financial Institutions Final Orders and Opinions

Orders and Opinions

 Date  Financial Institution  Type  Attachment
10/09/17 Bannockburn Global Forex, LLC Cease and Desist Order 2017 Bannockburn Global Forex, LLC (PDF)
09/18/17 State Assistance Fund for Enterprise, Business and Industrial Development Corporation (SAFE-BIDCO) Order Taking Possession of Property and Business 2017 SAFE-BIDCO Commissioner’s Order and Exhibits (PDF)
07/21/17 State Assistance Fund for Enterprise, Business and Industrial Development Corporation (SAFE-BIDCO) Cease and Desist Order 2017 SAFE-BIDCO (PDF)
12/27/16 Alta Vista Credit Union Order Terminating Final Order 2016 Alta Vista Credit Union(PDF)
12/27/16 Comdata Network, Inc. of California Final Order 2016 Comdata Network, Inc. of California (PDF)
12/13/16 Unidos Financial Services, Inc. Final Order 2016 Unidos Financial Services, Inc. (PDF)
11/17/16 Heritage Oaks Bank Paso Robles, California Order Terminating a Consent Order 2016 Heritage Oaks Bank Paso Robles, California (PDF)
11/03/16 Greenwood Commercial Bank Cease and Desist Order 2016 Greenwood Commercial Bank (PDF)
09/23/16 California United Bank Los Angeles, California Consent Order 2016 California United Bank Los Angeles, California (PDF)
07/15/16 Evangelical Christian Credit Union Final Order 2016 Evangelical Christian Credit Union (PDF)
07/15/16 Evangelical Christian Credit Union Termination of Final Order 2016 Evangelical Christian Credit Union (PDF)
04/29/16 Pan American Bank Termination of Final Order 2016 Pan American Bank (PDF)
04/12/16 CommerceWest Bank Final Order 2016 CommerceWest Bank Order (PDF)
12/0/9/15 Eagle Credit Union Final Order 2015 Eagle Credit Union Final Order (PDF)
11/18/15 San Diego Metropolitan Credit Union Final Order 2015 San Diego Metropolitan Credit Union Termination of Final Order (PDF)
11/12/15 Credential Credit Union Cease and Desist Order 2015 Credential Credit Union (PDF)
10/30/15 Unidos Financial Services, Inc. Final Order 2015 Unidos Financial Services, Inc. Final Order (PDF)
10/15/15 Bakery Employees Credit Union Final Order 2015 Bakery Employees Credit Union (PDF)
10/15/15 PreCash, Inc. Final Order 2015 PreCash, Inc. Final Order (PDF)
10/02/15 Musicians’ Interguild Credit Union Final Order 2015 Musicians’ Interguild Credit Union Final Order (PDF)
08/11/15 ABS-CBN Global Remittance, Inc. Consent Order 2015 ABS-CBN Global Remittance, Inc. Final Order (PDF)
08/07/15 US Metro Bank Termination of Final Order 2015 US Metro Bank Termination of Final Order (PDF)
03/18/15 First Global Money, Inc. Final Order 2015 First Global Money, Inc. Final Order (PDF)

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08/23/16 (PDF)

Opinion Letters

Letter Subject  Attachment
Exemption for agent of payee: Online games marketplace 05/08/17 (PDF)
Agent of a governmental subdivision 04/25/17 (PDF)
Calculating eligible securities 04/10/17 (PDF)
Tax payment service not exempt from the MTA 04/07/17 (PDF)
Receiving funds for reimbursement under money transmission law. 04/07/17 (PDF)
Company Not Engaging in Money Transmission in California 04/07/17 (PDF)
Prepaid Card Reloading Service 11/29/16 (PDF)
Exemption based on public interest 11/07/16 (PDF)
Agent of payee exemption for payment processing service 11/03/16 (PDF)
Eligible Securities – FBO Account Titles 11/03/16 (PDF)
Eligible Securities/FBO Accounts 11/03/16 (PDF)
Reimbursement for foreign-currency sale is not money transmission. 10/06/16 (PDF)
Money Transmission in this State 08/23/16 (PDF)
Lending Limits and Common Servicer 08/23/16 (PDF)
Exemption for Sale of Bank-Issued Stored Value Cards. 08/23/16 (PDF)
Exemption for Sale of Bank-Issued Stored Value Cards. 08/18/16 (PDF)
Sale, repurchase, and transfer of title to gold not money transmission. 08/03/16 (PDF)
Foreign (other state) credit union not conducting business in California 05/11/16 (PDF)
Receiving Money for Transmission and Agent of Payee Exemption 05/19/16 (PDF)
Not exempt as agent of payee or agent of government agency 05/04/16 (PDF)
Exemption for Nonprofit Community Service Organization that provides Credit Counseling Services 05/02/16 (PDF)
Exemption for Agent of Payee: Software Developer 2/8/16(PDF)
Exemption for Nonprofit Community Service Organization 1/19/16(PDF)
Money Transmission in this State 1/19/16(PDF)
Reporting Financial Institutions as Agents 10/29/15(PDF)
Rebuttal of Acquisition of Control 10/20/15(PDF)
Rebuttal of Acquisition of Control 10/05/15(PDF)
Yankee CDs as Eligible Securities 10/02/15(PDF)
Exemption for Agent of Payee Payment-Processing Service 09/11/15(PDF)
Funds Held in Custodial Account as Eligible Securities 08/26/15(PDF)
Receiving Money for Transmission 08/24/15(PDF)
Foreign Activity Initiated by Customers in the United States 08/14/15(PDF)
Foreign Currency Eligible Securities 07/30/15(PDF)
Approval to Acquire Control 07/17/15(PDF)
Exemption for agent of state child support agency 06/15/15(PDF)
Exemptions for agent of payee and payroll processing service 05/15/15(PDF)
Stored Value Gift Cards and Digital Goods 03/23/15(PDF)
Eligible Securities – foreign currencies 03/09/15(PDF)
Money transmitter application in mobile phone application; loan payments via check image and ACH transfer 02/24/15(PDF)

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2009-2011 Orders