The Department of Business Oversight has been notified that Municipal Trust Credit Union, using the telephone number (800) 976-5530, is offering credit union services and is falsely representing itself to be a credit union. It has advertised in various newspapers such... Read MoreRead more about Unlicensed Credit Union – Municipal Trust Credit Union
Unlicensed Online Payday Lenders Void $1 Million in Loans to California Borrowers Download this press release (PDF)SACRAMENTO (December 20, 2013) –The Department of Business Oversight has entered into a settlementwith Folsom-based TIOR Capital, LLC for violations of... Read MoreRead more about Unlicensed Online Payday Lenders Void $1 Million in Loans to California Borrowers
The Department of Business Oversight has been notified of possible fraudulent activity by a person who purports to represent a credit union. The activity is conducted in the following manner: An individual receives a phone call from a person who states he is calling... Read MoreRead more about Possible Loan Fraud – Credit Union
Monthly BulletinVolume 01, Issue 06 – December 2013Governor Brown Appoints Erick Orellana as Deputy Commissioner of Credit UnionsThe Commissioner is pleased to announce that Erick Orellana, of Long Beach, was appointed by Governor Jerry Brown on January 8 to... Read MoreRead more about Monthly Bulletin Volume 01 Issue 06