Department Orders Revocation of RANA Financial, LLC’s Money Transmitter License and Orders Ronildo Freitas to Cease and Desist

On January 9, 2019, the Department issued a Final Order revoking the money transmitter license of RANA Financial, LLC (“RANA”), NMLS No. 1057422. The Final Order also ordered Ronildo Freitas, owner and CEO of RANA, NMLS No. 1047008, to cease and desist.

Department Orders CM Asset Management LLC to Cease and Desist from Engaging in Mortgage Activities Without a License

Atlanta, Georgia — On December 18, 2018, the Georgia Department of Banking and Finance (“Department”) issued Orders to Cease and Desist against CM Asset Management LLC.

Order to Cease and Desist Issued to Local Bank & Trust Co. and Cassidy Harris

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Local Bank & Trust Co. a/k/a Local Bank & Trust Co. – A Tennessee Company f/k/a Local Bank & Trust Co.

Department obtains Court Order against the Southern Cherokee Nation and the Red Fire People Central Bank and Depository Trust, International Treaty Bank, Alfa International Bank, Walter Charlie Pressley a/k/a Chief Usti, and John A. Henderson

Atlanta, Georgia – On October 16, 2018, the Superior Court of Banks County, Georgia, entered an Order Granting Motion for Default Judgment against the following:

Department’s Orders to Cease and Desist Issued to Southern Heritage Home Showcase, Inc., Darin Henderson, and Charles Thomason Become Final

On August 15, 2018, Orders to Cease and Desist issued by the Department to Southern Heritage Home Showcase, Inc., and its officers Darin Henderson and Charles Thomason, became final.

Department’s Orders to Cease and Desist Issued to Housing Solutions & Development, LLC, d/b/a Bill King’s Housing Solutions and William E. King Become Final

Atlanta, Georgia — On August 15, 2018, Orders to Cease and Desist issued by the Department to Housing Solutions & Development, LLC, d/b/a Bill King’s Housing Solutions and its officer, William E. King, became final.

Department of Banking and Finance Orders CampBX, Bitcoin Trading Platform, to Cease and Desist

Atlanta, Georgia — On July 25, 2018, an Order to Cease and Desist against Bulbul Investments LLC dba CampBX Trading Platform issued by the Georgia Department of Banking and Finance (“Department”) became final.

Consent Order Issued Against Equifax Inc.

State financial regulatory agencies entered into a Consent Order on June 25, 2018, with Equifax Inc., requiring the company to take specific action to protect confidential consumer information in the wake of an extensive security breach last year.

Order to Cease and Desist Issued to Local Bank & Trust Co. – Atlanta, Georgia and Cassidy Harris

Today, the Department issued an Order to Cease and Desist to Local Bank & Trust Co. – Atlanta, Georgia and Cassidy Harris.

Order to Cease and Desist Issued to Visa Fund Management Limited d/b/a Visa Bank

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