Search for: "MASSACHUSETTS DIVISION OF BANKS"
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1 Oct 2021, 5:22 am
The Division of Banks of the Massachusetts Office of Consumer Affairs and Business Regulation has issued a supervisory alert to warn financial institutions of the potential legal and regulatory risks arising from NSF fees charged on the representment of unpaid transactions. [read post]
16 Sep 2008, 9:24 am
Bank of America recently announced that it has reached a settlement with the Massachusetts Securities Division concerning its involvement in the Auction Rate Securities ("ARS") market. [read post]
16 Mar 2007, 6:01 am
The Cadle Company, a debt collection company well-known for hardball tactics, was recently denied a license to operate as a debt collection agency in Massachusetts. Cadle sued the Massachusetts Division of Banks in state superior court seeking to overturn the decision to deny it a license, but the superior court took the Division’s side citing, [...] [read post]
17 Oct 2007, 6:47 pm
The regulations of the Massachusetts Division of Banks state that it is unlawful “For a debt collector to report to a consumer reporting agency on its transactions or experiences with a consumer in the debt collector’s name. [...] [read post]
19 Mar 2013, 10:19 am
On March 13, the Massachusetts Securities Division (Division) and Deutsche Bank Securities Inc. [read post]
30 Nov 2015, 6:53 am
In an Opinion Letter letter dated Nov. 2, the Massachusetts Division of Banks declared that collection law firms in Massachusetts are required to obtain a debt collector license pursuant to Mass. [read post]
21 May 2019, 8:34 am
The Massachusetts Securities Division has charged former investment adviser, Bruce Colin Worthington, with allegedly withdrawing $100,000 from a client’s bank account. [read post]
1 Apr 2008, 9:14 am
Galvin issued the subpoenas on behalf of the Massachusetts Securities Division. [read post]
30 Jun 2010, 1:49 pm
Exclusion From Definition of Investment Adviser Generally Massachusetts will require hedge fund managers with a place of business in Massachusetts to register as an investment adviser with the Massachusetts Securities Division. [read post]
18 Dec 2017, 12:29 pm
The Massachusetts Securities Division has announced that it will conduct an exam sweep of Massachusetts entities engaged in initial coin offerings (ICOs). [read post]
18 Jun 2019, 7:24 am
The Massachusetts Securities Division is soliciting public comments from which to propose a fiduciary standard for broker-dealers, agents, investment advisers and investment adviser representatives when they make investment recommendations and provide investment advice. [read post]
26 Aug 2011, 5:18 am
The Massachusetts Division of Banks has ordered 5 companies to stop offering reverse mortgages to elderly homeowners, stating that they are not licensed in Massachusetts. [read post]
5 Nov 2018, 2:23 pm
While the state’s Division of Banks (DOB) and the state’s Attorney General (AG) have traditionally regulated, respectively, third-party debt collectors and first-party creditors, the AG is reported to have changed its website recently to include third-party debt collectors as entities that it regulates. [read post]
20 Jan 2015, 2:49 pm
[This story previously appeared in Securities Regulation Daily.]By Jay Fishman, J.D.The Massachusetts Securities Division adopted an emergency intrastate crowdfunding exemption, permitting job growth by helping Massachusetts small and early-stage businesses find investors and gain greater access to capital with fewer restrictions.Benefits. [read post]
23 Jul 2018, 10:39 pm
Infinex is majority-owned by a group of nearly 40 banks that offer securities on bank premises and has selling agreements with approximately 30 banks in Massachusetts. [read post]
16 Apr 2015, 5:45 am
Place all funds received from investors in an escrow account at a Massachusetts-authorized insured bank or depository institution. [read post]
8 Oct 2010, 2:49 pm
" The Massachusetts Division of Banks, the Attorney General and the Office of Consumer Affairs apparently have woken up and are beginning to work, along the with the feds and other states, to determine what can be done do make the foreclosure process fair. [read post]
18 Oct 2007, 10:00 am
The debt collection regulations of the Massachusetts Division of Banks limit the number of times a debt collector can call a consumer in Massachusetts. [read post]
20 Nov 2013, 1:39 pm
A recent Massachusetts case decided by bankruptcy judge Melvin Hoffman in the Worcester division of the court gives a behind-the scenes look at some of the problems that crop up when debtors and creditors argue over property values. [read post]
8 Mar 2012, 12:00 pm
Under regulations put out by the Massachusetts Division of Banks, third party debt collection firms can only call you two times in a seven day period on your home phone. [read post]
