Water board bans septics in Malibu Nov 12, 2009
Wednesday, November 11, 2009 Edition. This fee will not apply to every residents only for about 420 + businesses. (Malibu Times, CA)
Parents want answers from Durant School Board Nov 12, 2009
with a cease-and-desist order on Oct. 19, after he attempted to get them to give him information about Rouse. Flack, a human resources professional, said the fact that Bark was served should have been taken seriously by the Board. (Muscatine Journal, IO)
New South Federal suspends mortgage lending amid heavy 3Q loss Nov 12, 2009
The bank is currently under a cease and desist order by the Office of Thrift Supervision, which demanded it shore up its balance sheets to improve its finances. Our challenge has been the amount of lending we had in real estate when the downturn occurred, he said. (Birmingham Business Journal, AL)
Rainier Pacific gets NASDAQ warning Nov 7, 2009
In early October, the and the issued a cease and desist order to Rainier Pacific, requiring that the bank take corrective measures in a number of areas, including raising additional capital. Most Read Stories. (Puget Sound Business Journal, WA)
Columbus a tidy fit for lender Nov 7, 2009
The hit the bank with a cease-and-desist order in September 2008 for what it called unsafe and unsound banking practices uncovered during a 2007 examination. The regulator said the bank violated a host of standards related to lending practices and internal controls related to loan portfolios. (Columbus Business First, OH)
Failed financial firms: The bust that worked Nov 7, 2009
But the bank remains hobbled by a cease and desist order from the FDIC that limits its deposit-gathering. CIT s advisers hope this will be lifted but, as one admits, regulators are in no mood to do favours. (The Economist)
Residents reject Kokee entrance fees (1211) Nov 6, 2009
The cease-and-desist order also claims the state is trespassing. The lands that you talk about do not belong to you, said Rogers. (Lihue Garden Island, HA)
A prepackaged pratfall Nov 5, 2009
CIT hopes to move some of its biggest businesses to its Utah-based bank subsidiary, but this is currently subject to a cease-and-desist order by the Federal Deposit Insurance Corporation and thus is unable to take new deposits. Even if this is lifted, the company is likely to be kept on a tight leash. (The Economist)
Flaherty looks to future after losing bid for mayor Nov 5, 2009
His 2001 challenger, longtime critic and former councilor at large Peggy Davis-Mullen, disappeared from Boston s political landscape for the South Shore, where her mortgage broker s office got a cease-and-desist order last year from the state Division of Banks. Davis-Mullen showed up at Menino s election night party and said she now counts herself as a Menino supporter. (Boston Globe)
St. Peters broker admits Ponzi scheme Nov 5, 2009
He directed his clients from two different brokerage firms to invest in a nonexistent St. Charles real estate investment trust, according to Carnahan's cease-and-desist order ... Neely has 30 days to respond to the cease-and-desist order. (St. Louis Business Journal, MO)
Wetlands Okays Mitigation Plan, Closes Hearing Nov 4, 2009
ROXBURY - Before the Inland Wetland Commission, meeting Tuesday, October 27, took up the show cause hearing and cease and desist order concerning Janet O. McDonald's property at 6 Baker Road, Chairman Russell Dirienzo asked Dennis McDonald if he would like him to step down for this part of the meeting ... The cease and desist order was executed June 19 for unpermitted, regulated activities at 6 Baker Road, after a site investigation by Wetlands Enforcement Officer Mary Barton on June 18 ... At... (Voices, CT)
Sunshine State Community Bank must fix issues after audit Nov 3, 2009
Business ology - newsjournalonline. TUESDAY, NOVEMBER 3, 2009. (Daytona Beach News Journal -- Business)
Atlantic Southern gets cease-and-desist order Nov 3, 2009
was issued a cease-and-desist order by regulators for engaging in unsafe or unsound banking practices and has committed violations of law and/or regulations, according to the order released Friday ... The cease-and-desist order was issued due to numerous unsafe and unsound banking practices including: operating with a board of directors that failed to provide adequate supervision and direction to the management of the bank; the bank s management had policies and practices that are detrimental to... (Jacksonville Business Journal, FL)
Edgebrook Bank scolded by feds to raise capital Nov 3, 2009
Top Finance Headlines. Top Government Headlines. (Crain's Chicago Business)
Secret Atlanta Bond Deal Led IRS to Middleman Rubin Financing in the Dark Nov 2, 2009
CDR never updated its SEC disclosure information to reflect a 2007 cease-and-desist order from the agency though the firm is subject to commission enforcement as a registered. The order prohibits CDR from making material misrepresentations, as the SEC alleged it did on $650 million of tax-exempt bonds issued in Florida in 1999 and 2000. (Bloomberg)
About DVD Movie Copying Software Nov 2, 2009
In 2005, Macrovision sent a cease and desist order to Lightning UK, the makers of DVD Decrypter. Lightning UK was forced to shut down their website and discontinue distribution of their software. (Suite101.com)
Feds seize parent of San Diego National Nov 1, 2009
It was operating under a cease-and-desist order from the FDIC requiring it to return to sound banking practices and raise more capital. Other FBOP banks faced similar orders, including California National. (San Diego Union-Tribune)
West Coast Bancorp receives cease and desist order, raises $155M Nov 1, 2009
News of the cease and desist order surfaced Monday in a quarterly financial report that reveals remaining challenges for the holding company of Lake Oswego-based West Coast Bank ... 8 million for its holding company, West Coast Bancorp also addresses several requirements of the cease and desist order ... That West Coast Bank was able to raise that capital while under a cease and desist order is notable. (The Business Journal of Portland, OR)
Valley Bank target of cease and desist Oct 31, 2009
Fort Lauderdale-based , and its two sister banks in Illinois, have been hit with cease and desist orders from the Federal Deposit Insurance Corp. requiring them to meet heightened capital ratios. The Sept. 11 regulatory orders, which the FDIC released on Friday, noted the banks were operating using unsafe and unsound practices. (South Florida Business Journal, FL)
C&D orders sent to two Georgia banks Oct 31, 2009
A cease-and-desist order is a formal agreement between regulators and a bank that the operations must undergo an overhaul for the institution overseen by regulators or face potential seizure. The cease and desist order is the strongest regulatory order issued by bank regulators. (Atlanta Business Chronicle, GA)
State fines agents in investment scam Oct 31, 2009
A state cease and desist order, signed February 2008, lists three North Bend residents among those fined because of their involvement in a fraudulent time-share investment program ... On the Web: See the state s cease and desist order at Tags. (Coos Bay-North Bend The World, OR)
Brookfield Zoners Win in Supreme Court Decision Oct 31, 2009
Saturday 31 October, 2009. Brookfield Municipal officials had indicated that, under land-use regulations, the company could only use the property for contracting purposes and not the storage of logs and land-clearing equipment. (New Milford Times, CT)
FDIC slaps two more Washington state banks Oct 31, 2009
Regulators have slapped two more Washington banks with cease-and-desist orders, bringing the total number of troubled institutions to 17 statewide by far the most in the last two decades ... Washington First International, meanwhile, was ordered as part of its cease-and-desist order to commission an independent look at the bank s management structure and report back to regulators within 90 days. (Puget Sound Business Journal, WA)
City Bank posts $35.6M Q3 loss Oct 31, 2009
City Bank is operating under a cease-and-desist order from federal and state regulators. The bank, with eight branches in Snohomish and King Counties, is working to sell off its foreclosed properties and has already offloaded more than 900 so far this year, including 274 in the third quarter, according to the bank s earnings report. (Puget Sound Business Journal, WA)
Mastro gets hearing on Washington charges Oct 30, 2009
The hearing will be organized by the state s Office of Administrative Hearings, which will ultimately decide whether to uphold the DFI s allegations, said Martin Cordell, an enforcement attorney with the securities division of the DFI. If the DFI s allegations are upheld, the agency will issue a cease-and-desist order, forcing Mastro to stop selling securities. Mastro s Seattle attorney Jerry Stehlik could not immediately be reached for comment. (Puget Sound Business Journal, WA)
Michael Jackson's legacy: Who has the right to profit? Oct 30, 2009
"And it is time, perhaps, for the law to catch up," he says, adding "fans who have helped build up a celebrity ought to be able to have fan tributes and themed parties without fear of being slapped with a cease-and-desist order.". In other words, should anyone fan or retailer alike have the right to plaster the image of Michael Jackson on anything from a baby rattle to a hubcap to a dry-cleaning truck. (Christian Science Monitor -- USA)
AmericanWest reports smaller Q3 loss Oct 30, 2009
The bank, operating under a cease-and-desist order from federal and state regulators, saw its non-performing assets, a measure of bad loans, remain at a stable 8. 8 percent of total assets during the quarter. (Puget Sound Business Journal, WA)
Banking execs believe more failures possible Oct 30, 2009
Columbia Savings and Loan of Milwaukee received a cease-and-desist order in November 2006 from the federal Office of Thrift Supervision to address any unsafe and unsound practice. That related to Columbia s capital levels, earnings and loans regulators classified as too risky. (Milwaukee Business Journal, WI)
> BANKING UPDATE: Fox River State Bank agrees to FDIC order Oct 30, 2009
said its board has agreed to a cease and desist order from the Federal Deposit Insurance Corp. to resolve problem loans and to improve its capital position. The $110-million asset bank disclosed Thursday afternoon that it signed a consent agreement with the FDIC and the Wisconsin Department of Financial Institutions earlier this month. (Milwaukee Business Journal, WI)
McIntosh Bancshares under regulatory order Oct 30, 2009
McIntosh Bancshares under cease and desist order - Atlanta Business Chronicle ... McIntosh Bancshares under cease and desist order ... -based bank holding company of McIntosh State Bank, said Thursday it has entered into a cease and desist order with state and federal bank regulators. (Atlanta Business Chronicle, GA)
Contentious couple dominates U.S. medical tourism Oct 29, 2009
Edelheit brushes off suggestions that he was doing anything wrong, and says he is confident that a pending cease-and-desist order in Montana will be dismissed. Stephano calls the Washington investigation a witch hunt. (MSNBC -- Travel)
Local banks seek big gains in deposits Oct 28, 2009
The struggling bank is faced with a cease-and-desist order that requires it to overhaul its lending policies and raise capital. Bank of Granite s deposits in Charlotte declined to $170. (Charlotte Business Journal, NC)
Rbank organizers taking over Ohio State Bank Oct 24, 2009
That struggling Marion-based bank was hit with a cease-and-desist order this summer from federal and state regulators, who said it fell below required capital ratios and engaged in unsafe banking practices. The transaction requires approval from regulators and Ohio State Bancshares shareholders and should close by the end of the year, the companies said. (Columbus Business First, OH)
Regulators close Riverview Community Bank Oct 24, 2009
Last spring, the FDIC issued a cease-and-desist order against Riverview for operating with an inadequate level of capital protection and loan loss reserves, engaging in hazardous lending practices, and operating with excessive bad loans on its books. The FDIC , which determine how well a bank can sustain losses. (Twin Cities Business Journal, MN)
Sterling Financials whopping Q3 loss: $464M Oct 23, 2009
Last week, Sterling Financial, the parent company of Washington s second largest bank, on the heels of receiving a cease-and-desist order from state and federal regulators. Late Thursday afternoon, shares in Sterling (NASDAQ: STSA) plunged more than 10 percent in after-hours trading, dropping 12 cents to around $1. (Puget Sound Business Journal, WA)
Wampanoag tribe plans to scale back Middleboro casino Oct 20, 2009
But Cromwell expects negotiations to be complete in a month and the cease and desist order to be lifted so the tribe s bills can be paid. Cromwell did not explain the nature of the disagreement with the investors, citing a proprietary agreement. (Allston Brighton TAB, MA)
Regulators order Bank of Illinois to correct 'unsafe' banking practices Oct 20, 2009
The Bank of Illinois was faced with a cease-and-desist order by a state banking office of regulations but remains open and has 60 days to complete changes to operations. (The Pantagraph, David Proeber). (The Pantagraph newspaper)
Colorado sanctions Texas energy company Oct 20, 2009
Colorado s securities commissioner has issued a cease-and-desist order against a Texas oil and gas company, accusing it of violating state securities registration and licensing provisions ... Under the cease-and-desist order, Regal, Peddecord and Hardwick will no longer market interest in their wells in Colorado. (Denver Business Journal, CO)
Regulators crack down on Pacific National Oct 17, 2009
The bank has been operating under a cease and desist order from the OCC in relation to Bank Secrecy Act anti-money laundering laws since 2005 ... Federal regulators have scrutinized transactions with foreign nationals to ensure that they comply with U.S. regulations, such as the Bank Secrecy Act, that the bank s 2005 cease and desist order was based on. (South Florida Business Journal, FL)
'Law Abiding Citizen' should be locked up Oct 17, 2009
" MOVIE REVIEW"Law Abiding Citizen," rated R for violence and language. Stars Gerard Butler, Jamie Foxx, Bruce McGill, Leslie Bibb, Colm Meaney. Directed by F. Gary Gray. Running time: 1 hour, 48 minutes. Grade: F Listing all the plot flaws would take more room than all the Smiths in the phone book. Here's just one example: Shelton is supposed to be some super brain who works for the government thinking of creative ways to kill people. Yet he's not smart enough to just fashion a fancy way to... (Fresno Bee)
Sterling ousts top executives Oct 16, 2009
Sterling Financial slapped with cease-and-desist order; ousts top executives - Puget Sound Business Journal (Seattle) ... Sterling Financial slapped with cease-and-desist order; ousts top executives ... the parent company of Washington s second largest bank, announced a management shakeup early Thursday morning on the heels of receiving a cease-and-desist order from state and federal regulators. (Puget Sound Business Journal, WA)
Appalachian Bancshares opts to delist Oct 15, 2009
On April 24, Appalachian Community was issued a cease-and-desist order by the FDIC and state regulators, ordering the bank to, among other things, improve its lending practices, boost liquidity and purge its books of bad loans. Most Read Stories. (Atlanta Business Chronicle, GA)
Investigation targets warranty company Oct 14, 2009
Florida s insurance commissioner has issued a cease and desist order against , a New York-based company that was selling home service warranty products in 32 states, including Florida. Earlier this year, Insurance Commissioner Kevin McCarty s office began investigating the company s marketing and claims handling practices, and determined that it has sold, and continues to sell, home service warranty products in Florida without a license, according to a news release. (South Florida Business Journal, FL)
Beverly Police Log: Friday, Oct. 9 Oct 14, 2009
3:11 p.m. A citizen reported hearing construction work going on at a Bathing Beach Lane property at which there is a cease and desist order in place pending an Oct. 13 hearing. 4:14 p.m. Vandalism at 427 Cabot St. reported. (Beverly Citizen, MA)
ZBA orders Sherborn farm to close pet food operation Oct 13, 2009
The board also ruled that Sweet Meadow is operating legally as a farm, but it issued a cease-and-desist order on the pet food operation. The board also voted 2-1, with Rubenstein dissenting, that the farm stand be closed because it sold products that did not originate on the farm. (Dover Sherborn Tab, MA)
Washington state regulators charge Mastro Oct 10, 2009
The state plans to force Mastro to stop selling securities by issuing a cease-and-desist order against him, and imposing a $100,000 fine, according to charges against the developer filed on Friday. The charges filed by the Department of Financial Institutions (DFI) also claim Mastro omitted facts to investors or made misleading statements about the securities, thus violating the anti-fraud provisions of the state statute. (Puget Sound Business Journal, WA)
Kate Gosselin: Jon Drained Joint Bank AccountKate Gosselin claims Jon Gosselin withdrew $230K from joint bank account. Oct 6, 2009
of the children on "Jon Plus 8" after receiving a cease-and-desist order from Gosselin's attorney Thursday. A sign has been posted outside the family home in Pennsylvania ordering all film crews to back off the property. (ABC News)
HomeStreet Bank CEO Williams stepping down Oct 3, 2009
Williams stepping down as HomeStreet Bank CEO - Pacific Business News (Honolulu). for free extra services. (Pacific Business News, HI)
In Newtown Inland Wetlands ReceivesNew Subdivision Proposal Oct 3, 2009
The commission noted there is a public hearing set for October 14, when the Housatonic Railroad Company will respond to a cease and desist order for filling activities associated with extending a rail spur. Voices 2009. (Voices, CT)
Two Birmingham banks earn 'zero' rating by national firm Oct 3, 2009
It is currently under a cease and desist order issued by the Office of Thrift Supervision, which demands it must raise its capital levels my the end of this month ... The bank is currently under a cease and desist order for violating consumer laws. (Birmingham Business Journal, AL)
Ocean Bank lays off 78 Oct 3, 2009
The bank has been under a cease and desist order from regulators since 2004. Its shareholders in Venezuela supported the bank, which has $4. (South Florida Business Journal, FL)
Community College turbine installation on hold Oct 2, 2009
Town of Barnstable building commissioner, Tom Perry, says, The ball is in their court regarding the cease and desist order for plans to build a 164-foot wind turbine on the Cape Cod Community College campus. They need to go to the Old King s Highway Historic District to approve the plans, said Perry Tuesday. (Cape Codder, MA)
Pacific National Bank chairman resigns Oct 2, 2009
Four years earlier, the bank was the target of a cease and desist order from the OCC in which it was told to strengthen its compliance with the Bank Secrecy Act, which guards against money laundering. Several sources with knowledge of the situation said that OCC regulators have continued scrutinizing the $509 million-asset bank with a recent on-site examination. (South Florida Business Journal, FL)
Bethlehem Election Foes Oct 2, 2009
"We were cited ... six months prior to that, and the day after election to come in and drop a bomb on me with a cease-and-desist order was unfair," said Mr. Hamel. "To show what kind of leader I am, I just took it and fixed it." Mr. Hamel immediately gained funding for building a new salt shed. (Litchfield County Times, CT)
Truckloads of dirt must stop Oct 2, 2009
On Monday night, the Board of Selectmen voted unanimously to issue a cease and desist order against Joseph Pittorino of Harwood Avenue requiring him to immediately stop all truck traffic to and from his property. Residents brought the complaint about dump trucks rolling through their neighborhoods between the hours of 11 p.m. and 4 a.m. to the board s attention at the beginning of September. (Littleton Independent, MA)
Rainier gets FDIC cease and desist order Oct 2, 2009
Rainier Pacific gets FDIC cease and desist order - Puget Sound Business Journal (Seattle) ... Rainier Pacific gets FDIC cease and desist order ... The Federal Deposit Insurance Corp. and the Washington Department of Financial Institutions have issued a cease and desist order to the bank, requiring the Tacoma holding company for Rainier Pacific Bank (NASDAQ: RPFG) to take corrective measures in a number of areas, including raising additional capital. (Puget Sound Business Journal, WA)
TLC Shuts Down Filming Of Jon & Kate Kids Oct 2, 2009
TLC Shuts Down Filming Of Jon Kids TLC says it has shut down filming of the Jon kids in response to a cease and desist order. Font Size. (KWTX.com, TX)
Jon Gosselin Halts Taping of His Kids Oct 2, 2009
TLC Network Forced to Stop Filming Children on "Jon Plus 8" After Receving a Cease-and-Desist Order from their Father ... 00004000 (CBS/ AP) TLC network has shut down filming of the children on "Jon Plus 8" after receiving a cease-and-desist order from their father, Jon Gosselin. (CBS News)
Highland bank slapped over loan woes Sep 30, 2009
Top Finance Headlines. Top Government Headlines. (Crain's Chicago Business)
CIT seeking $10 billion loan, sources say Sep 30, 2009
Regulators have put CIT Bank under a cease-and-desist order, preventing the unit from accepting new deposits ... When it has more equity relative to its debt, regulators may lift the cease-and-desist order on its bank, allowing it to gather more deposits. (MSNBC -- Business)
System Upgrade Meeting Planned in Middlebury Sep 30, 2009
" Mr. Gormley said.He added selectmen would reconsider the option if there are signs of progress. Mr. Savarese, at the selectmen's September 8 meeting, presented a draft of a Blight Ordinance after the Planning and Zoning Committee opted to create an ordinance for blighted buildings.According to Mr. Savarese, a Blight Ordinance is an enforcement mechanism, more strenuous than the existing system of a cease and desist order, issued by the Zoning Enforcement Officer. The Blight Ordinance allows... (Voices, CT)
Qualcomm Licenses Violated Antitrust Rules, Japan's Fair Trade Body Says Sep 30, 2009
Sept. 30 (Bloomberg) -- the worlds largest maker of semiconductors for mobile phones, violated Japanese antitrust rules and has been issued with a cease and desist order, the nations Fair Trade Commission said. The company has coerced Japanese mobile-phone manufacturers into agreements that prevented them from asserting their intellectual property rights, impeding fair competition, the Japanese regulator said in a on its Web site today. (Bloomberg -- Japan)
CIT in Talks for Loan of up to $10 Billion: Sources Sep 30, 2009
Regulators have put CIT Bank under a cease-and-desist order, preventing the unit from accepting new deposits. That bank was supposed to be a key source of funding for the company in the future. (ABC News -- Wire)
Google Closes Dev Site, Open Sourcers Upset Sep 30, 2009
The programmer of the CyanogenMod ROM was served a cease-and-desist order because Google took issue with the software for modifying and distributing its applications ... Despite the response by CyanogenMod creators, some open source bloggers are taking issue with Google's decision to serve a cease-and-desist order, saying that though Google is within its legal right to do so, it goes against the fundamental spirit of the open source community. (Datamation)
Heritage Bank gets cease-and-desist order Sep 30, 2009
The Federal Deposit Insurance Corp. announced it issued a cease-and-desist order to in early August. The FDIC charged that the bank engaged in unsafe or unsound business practices and violated laws and/or regulations. (Jacksonville Business Journal, FL)
