Connect with us

Eugene

Oregon Division of Financial Regulation ordered Sigue Corp to cease engaging in money transmission activities in Oregon as the company can no longer responsibly serve customers due to its declining financial position

Published

2 years ago

on

Eugene, OR – According to the state officials, Sigue is a state-regulated money transmission company licensed in Oregon and 48 other states.

Over the past several months, Sigue experienced significant financial deterioration.

The company failed to complete multiple money orders and transmissions and to maintain adequate net worth and permissible investments to cover outstanding liabilities, which are violations of state money transmission law.

Many customers are still waiting for their funds.

Sigue maintained a surety bond with Liberty Mutual that will cover all of Sigue’s unpaid or otherwise outstanding transactions in Oregon.

Related Topics:

You may also like…

Oregon1 day ago

Oregon Sen. Wyden criticizes Trump spending priorities, says Americans are struggling while billions are spent on ballroom and war costs

Oregon – U.S. Sen. Ron Wyden is criticizing President Donald Trump’s spending priorities, arguing that Americans struggling with everyday expenses...
Eugene1 day ago

Mobile home destroyed in fire at Eugene Mobile Village, occupant escapes safely in Springfield area blaze

Eugene, OR – A mobile home was destroyed in a fire at Eugene Mobile Village on June 15, according to...
Eugene1 day ago

Eugene Police to increase Hwy 99 enforcement targeting speeding, distracted driving, and pedestrian safety violations on June 25

Eugene, OR – Eugene Police Department officers will conduct a coordinated enforcement operation along Highway 99 on June 25, focusing...
Eugene1 day ago

19-year-old man arrested for DUII, reckless driving, and unlawful firearm possession after found passed out in running vehicle in Eugene

Eugene, OR – A 19-year-old man was arrested in Eugene early June 15 after police say he was found passed...
Oregon4 days ago

Gov. Kotek reacts after President Trump says, “I love the inflation,” calls him a derogatory name, and says “Oregonians certainly don’t”

Oregon – Oregon Gov. Tina Kotek responded sharply after President Donald Trump drew attention for comments about inflation during remarks...
Oregon4 days ago

Oregon Senator Merkley criticizes Republican ICE funding bill, says it does “absolutely nothing for you and your family”

Oregon – Sen. Jeff Merkley sharply criticized a Republican-backed immigration enforcement funding package following its approval in Congress, arguing that...
Oregon4 days ago

Oregon Gov. Kotek responds to concerns over voter rolls, says President Trump is threatening states that won’t hand them over

Oregon – Oregon Gov. Tina Kotek defended the state’s long-standing vote-by-mail system after a New York Times report highlighted growing...
Eugene5 days ago

Fire crews complete lengthy extrication after vehicle crashes down hillside in South Eugene

Eugene, OR – Eugene Springfield Fire crews responded to an unusual single-vehicle crash in South Eugene on Thursday afternoon after...
Eugene5 days ago

Eugene Springfield Fire responds to brush fire near downtown Springfield, building saved from major damage

Eugene, OR – Eugene Springfield Fire crews responded to a brush fire near downtown Springfield on Friday evening after a...
Eugene5 days ago

Eugene Police seek help identifying suspect and potential victim in library menacing incident

Eugene, OR – The Eugene Police Department is asking for the public’s help to identify a suspect and a potential...
Eugene5 days ago

Eugene Police issue traffic advisory ahead of UO Commencement expected to draw 30,000 people

Eugene, OR – The Eugene Police Department has issued a traffic advisory ahead of the University of Oregon Commencement on...

Trending