Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first ...

The SAFE Act, enacted in 2008, was designed to enhance consumer protection and stop fraud by encouraging states to develop licensing standards for state-licensed loan originators. It also established ...

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut ...

A financial services company based in California has lost its license to operate in Connecticut, after failing to disclose a default judgment, among other violations of state law. The company, ...

Mortgage brokers connect borrowers with lenders. They are typically paid 1% to 2% of the loan amount by either the borrower ...

A new approval requirement is coming for companies licensed as Mortgage Lenders in Connecticut and engaging in mortgage servicing activities. Effective October 1, 2025, Connecticut Mortgage Lender ...

Connecticut banking commissioner alleges violations of Truth in Lending and Fair Credit Reporting Act. The Connecticut Banking Department issued a cease and desist order earlier this month to a ...

Mortgage borrowers in 2025 chose online-first lenders over traditional banks with thousands of retail locations. Online-first ...

Loan officers work for a single lender like a bank or credit union, while a mortgage broker is independent and works with ...