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…

Oregon2 days ago

Oregon Gov. Kotek speaks out after federal judge extended legal block against Postal Service, says President Trump ‘has to follow the law, just like everybody else’

Oregon – “President Trump and the U.S. Postal Service have to follow the law—just like everybody else. This fight is...
Eugene2 days ago

Oregon Sen. Merkley takes aim at President Trump after announcement of massive 250-foot arch, accuses him of spending Americans’ tax dollars on a monument to his ego

Oregon – Sen. Jeff Merkley criticized President Donald Trump after the administration announced plans to begin excavation work for a...
Eugene2 days ago

Oregon Sen. Wyden says ‘Trump’s obsession with deporting law-abiding students doesn’t make any of us safer’ following death of immigrant in what his family believes was a suicide

Oregon – Ron Wyden is calling for permanent legal protections for immigrants after the death of a 20-year-old Haitian college...
Eugene2 days ago

Eugene police rescue 15-year-old after woman allegedly takes teen, leads officers on high-speed chase across Oregon before being arrested in The Dalles

Eugene, OR – Eugene police rescued a 15-year-old teenager after a woman was arrested following a high-speed pursuit that stretched...
Eugene2 days ago

54-year-old man rescued after falling in remote rocky area, Coast Guard helicopter forced to abort evacuation due to lightning

Eugene, OR – A 54-year-old man was rescued after falling in a remote rocky area of Oregon’s Upper McKenzie region,...
Oregon2 days ago

80-year-old woman taken into custody after allegedly holding a gun under her family member’s chin before striking him twice with the barrel

Oregon – At 4:11 p.m. on Sept. 6, EPD officers responded to a home on Ivy Glen Drive after an...
Eugene5 days ago

Eugene Springfield Fire responds to South Eugene house fire after smoke reported from roof

Eugene, OR – At 12:38 p.m., Eugene Springfield Fire was dispatched to a South Eugene residence on 24th Place after...
Eugene5 days ago

31-year-old woman arrested for DUII after falling asleep behind wheel, police find fentanyl and methamphetamine in vehicle

Eugene, OR – Eugene police arrested a woman after she was reportedly found asleep behind the wheel of a running...
Eugene5 days ago

Man arrested after causing disturbance and trying to bypass TSA checkpoint at Eugene Airport

Eugene, OR –  Eugene police arrested an Iowa man after he caused a disturbance at Eugene Airport and allegedly attempted...
Eugene5 days ago

Parents arrested after leaving two 16-year-old teens on side of I-105 following verbal dispute involving girl’s boyfriend

Eugene, OR – Eugene police arrested two parents after they allegedly left two 16-year-old teenagers on the side of I-105...
Oregon1 week ago

Oregon Sen. Jeff Merkley fires back at President Trump’s mail-in voting push as whistleblower warns new USPS system could reject entire batches of ballots

Oregon – Sen. Jeff Merkley announced he would fight to protect vote by mail after a whistleblower raised concerns about...

Trending