Division of Financial Institutions Final Orders and Opinions

Orders and Opinions

 Date  Financial Institution  Type  Attachment
11/29/18 Indian Federal Credit Union, Santa Clara, California Cease and Desist Order
Erratum
2018 Indian Federal Credit Union (PDF)
08/30/18 Jones Methodist Church Credit Union Final Order 2018 Jones Methodist Church Credit Union (PDF)
06/26/18 Unidos Financial Services, Inc. Final Order 2018 Unidos Financial Services, Inc. (PDF)
05/07/18 Fusion Bank Nassau, New Providence Commonwealth of Bahamas Cease and Desist Order 2018 Fusion Bank Nassau, New Providence Commonwealth of Bahamas (PDF)
04/26/18 Coceptive Credit Union Cease and Desist Order 2018 Coceptive Credit Union (PDF)
04/16/18 Money in a Day Cease and Desist Order 2018 Money in a Day, LLC (PDF)
12/11/17 Mid-Cities Credit Union Final Order 2017 Mid-Cities Credit Union (PDF)
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)

For Archives Click Here

Opinion Letters

Letter Subject  Attachment
Payment processing service not exempt as agent of payee
Amended
02/21/19 (PDF)
Technological/customer service support not money transmission 12/21/18 (PDF)
Sending instructions not money transmission 11/29/18 (PDF)
Payment processing service not exempt as agent of payee or factoring 11/14/18 (PDF)
Agent of payee – subsidiaries 09/11/18 (PDF)
Agent of Payee Exemption – Successive Agents 04/05/18 (PDF)
Operator of a Payment System, Payroll Processing, Public Interest Exemption 02/27/18 (PDF)
Agent of Payee – Payment Processing 02/27/18 (PDF)
Agent of Payee – Decline to Opine 02/20/18 (PDF)
Agent of Payee - Decline to Opine 02/20/18 (PDF)
Agent of Payee - Decline to Opine 02/12/18 (PDF)
Agent of Payee Exemption - Goods or Services 02/06/18 (PDF)
Agent of Payee - Decline to Opine 01/04/18 (PDF)
Agent of Payee - Payment Processing 12/21/17 (PDF)
Stored Value 06/06/17 (PDF)
Calculating Money Transmission Receivables 06/06/17 (PDF)
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)

For Archives Click Here

2009-2011 Orders