Order to Cease and Desist issued to Cash Finance Bank of Georgia

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. 

Order to Cease and Desist issued to Trusteeship Financial Bank

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.

Order to Cease and Desist issued to Norse Financial Bank

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. 

Notice of Final Rulemaking

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.

 

Notice of Proposed Rulemaking and Opportunity to Comment

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, 7-1-607, 7-1-690, 7-1-706.1, and other cited statutes, the Department of Banking and Finance hereby gives notice of its intent to adopt new rules.

Final Cease and Desist Order against Ronald Raffield

Atlanta, Georgia – On August 25, 2021, the Georgia Department of Banking and Finance issued an Order to Cease and Desist (“Order”) to Ronald Raffield for engaging in activities in violation of the Georgia Installment Loan Act, O.C.G.A. § 7-3-1 et seq. (“GILA”).  The Order became final on September 16, 2021.

Department Obtains Court Order Against Reparations Bank and Ramzu Yunus

Atlanta, Georgia – On July 22, 2021, the Superior Court of DeKalb County, Georgia, entered an Order Granting Motion for Default Judgment against Reparations Bank and Ramzu Yunus.

Notice of Final Rulemaking

The Department of Banking and Finance adopted Final Rules on July 7, 2021. The Rules were filed with the Secretary of State on July 7, 2021 and, pursuant to O.C.G.A. § 50-13-6, will be effective on July 27, 2021, which is twenty (20) days following the filing of the Rules.

Notice of Proposed Rulemaking and Opportunity to Comment

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, 7-3-51, and other cited statutes, the Department of Banking and Finance hereby gives notice of its intent to adopt new rules.

Department obtains Court Order against Walter Charlie Pressley a/k/a Chief Gees-Due OO-Neh-Gah Usti

Atlanta, Georgia – On March 11, 2021, the Superior Court of Banks County, Georgia, entered a Final Stipulation and Consent Order against Walter Charlie Pressley a/k/a Chief Gees-Due OO-Neh-Gah Usti.