Atlanta, Georgia – On December 6, 2022, an Order to Cease and Desist (“Order”) issued by the Georgia Department of Banking and Finance (“Department”) to West Realm Shires Services Inc. d/b/a FTX US (“FTX US”), NMLS No. 1957771, located at 167 N Green Street, Suite 1102, Chicago, Illinois 60607, became final.  As a result, the Georgia seller of payment instruments license previously issued to FTX US expired as of the date that the Order became final, on December 6, 2022, and is no longer valid.  O.C.G.A. § 7-1-694(a)(3).  Without a valid license, FTX US is not authorized to engage in the sale of payment instruments or money transmission in Georgia.  O.C.G.A. § 7-1-681.

The Department of Banking and Finance adopted Final Rules on July 7, 2022. The Rules were filed with the Secretary of State on July 7, 2022 and, pursuant to O.C.G.A. § 50-13-6, will be effective on July 27, 2022, which is twenty (20) days following the filing of the Rules.

Pursuant to the provisions of the Georgia Administrative Procedure Act, O.C.G.A. § 50-13-1 et seq., and by the authority of O.C.G.A. §§ 7-1-61, 7-1-690, 7-1-1012, 7-3-51, and other cited statutes, the Department of Banking and Finance hereby gives notice of its intent to adopt new rules.

Atlanta, Georgia – Today, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Allianz FX Limited d/b/a allianz-fx.net (“Allianz FX”) became final. 

Atlanta, Georgia — On March 28, 2022, the Georgia Department of Banking and Finance (“Department”) issued a Final Order of Revocation of Mortgage Loan Originator License to Daniel Randolph (“Mr. Randolph”), NMLS No. 222017.

Atlanta, Georgia - Today, the National Credit Union Administration ("NCUA") released Southern Pine Credit Union, located in Valdosta, Georgia, from the conservatorship that had been in place since June of 2020. 

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Cash Finance Bank of Georgia d/b/a cfbog.onlinebankingeweb.com and Fred Williams.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter. 

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Trusteeship Financial Bank d/b/a Trustee Bank d/b/a trusteeshipfinancials.com.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter.

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Norse Financial Bank d/b/a norsefinancials.com.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter. 

The Department of Banking and Finance adopted Final Rules on December 16, 2021. The Rules were filed with the Secretary of State on December 16, 2021 and, pursuant to O.C.G.A. § 50-13-6, will be effective on January 5, 2022, which is twenty (20) days following the filing of the Rules.