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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Oregon1 week ago
Governor Kotek vetoes House Bill 4177, citing concerns the legislation could unintentionally weaken transparency while attempting to clarify Oregon’s public meetings law
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Eugene1 week ago
Eugene Springfield Fire responds to gas leak after construction work strikes line, reminds residents to call 811 before digging
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Eugene1 week ago
Eugene police identify and charge suspects in bias assault after update on April 15 attack
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Oregon1 week ago
Governor Kotek responds to court decision on Oregon health care law, says state will keep fighting to limit impacts on residents and protect access to reproductive health care
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Eugene1 week ago
Eugene police report burglary ring targeting homes after break-in in Churchill neighborhood, urge residents to secure valuables and improve security measures