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
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.
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Oregon5 days ago
Governor Tina Kotek signs eight bills to limit impacts of federal immigration enforcement and ensure immigration status can no longer be used as evidence in civil court cases
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Oregon5 days ago
Governor Tina Kotek considers veto of public meetings bill, raised concerns that certain provisions may undermine transparency in how public business is conducted
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Eugene2 days ago
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Crime & Safety5 days ago
43-year-old man arrested following investigation into multiple deli robberies
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Eugene2 days ago
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