On June 24, 2016, the Commissioner approved the application of State Street Bank and Trust Company, a Massachusetts-chartered bank and wholly-owned subsidiary of State Street Corporation, Boston, Massachusetts, to establish a de novo limited branch pursuant to Section 36a-412(a)(2) and 36a-145(c)(1) of the Connecticut General Statutes at 1600 Summer Street in Stamford, Connecticut.

On June 22, 2016, Fieldpoint Private Bank & Trust (“Fieldpoint”), a federal bank, filed an application to organize a holding company pursuant to Section 36a-181 of the Connecticut General Statutes, that will be known as Fieldpoint Private Holdings, Inc. and located in Greenwich, Connecticut.   This application was filed in connection with Fieldpoint’s application to convert to a Connecticut bank and trust company (see Bulletin #2730).

Date	Credit Union	Location	Activity
06/22/16	Mutual Security Credit Union Shelton	12 Progress Drive Shelton, CT  06484	Filed

On June 15, 2016, the Commissioner issued a Notice of Automatic Suspension, Temporary Order to Cease and Desist, Notice of Intent to Revoke Consumer Collection Agency License, Notice of Intent to Issue Order to Cease and Desist and Notice of Right to Hearing (“Notice”) in the Matter of:  Vision Financial Corp (NMLS # 1152004) (“Respondent”), Rockford, Illinois.  The Notice was the result of an investigation by the Consumer Credit Division.  The Commissioner alleges that Respondent failed to maintain a surety bond that runs concurrently with the period of its consumer collection agency license for its office located at 11960 Westline Industrial Drive, Suite 330, St. Louis, Missouri, in violation of Section 36a-802(a) of the Connecticut General Statutes.  The Commissioner also found that public welfare required the issuance of a Temporary Order to Cease and Desist.  Respondent was afforded an opportunity to request a hearing with regard to the allegation set forth in the Notice.

On June 17, 2016, the Commissioner entered into a Consent Order with Preferred Investment Associates, Inc. (NMLS # 69347) (“PIA”), West Hartford, Connecticut.  The Consent Order was based on an investigation by the Consumer Credit Division.  As a result of such investigation, the Commissioner alleged that from approximately January 2015 to May 2016, PIA acted as a mortgage servicer while neither licensed nor exempt from licensure, in violation of Section 36a-718 of the 2016 Supplement to the General Statutes.  To resolve the matter alleged, PIA submitted an application for a mortgage lender license and provided the supplemental mortgage servicer surety bond, fidelity bond and errors and omissions coverage required pursuant to Section 36a-719c of the 2016 Supplement to the General Statutes to avail itself of the exemption to mortgage servicer licensure and paid $10,000 as a civil penalty.