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…

Crime & Safety2 days ago

Oregon man accused of murder told police he was drunk and high when store employee didn’t take robbery seriously, leading him to open fire over just $25

Oregon – A 21‑year‑old man was arrested last week after turning himself in to Oregon authorities in connection with the...
Oregon2 days ago

Gov. Kotek joins legal challenge to block President Trump executive order targeting vote-by-mail, says it is designed to silence voters and influence results

Oregon – Oregon has joined a legal challenge led by Attorney General Dan Rayfield and a coalition of states to...
Eugene2 days ago

Eugene Springfield Fire responds to two-vehicle rollover accident at Franklin and E11

Eugene, OR – The Eugene Springfield Fire Department responded early on April 4 to a two-vehicle rollover at Franklin and...
Eugene2 days ago

Eugene Springfield Fire provides mutual aid to Mohawk Valley Fire for shop fire near Marcola

Eugene, OR – The Eugene Springfield Fire Department responded to a mutual aid request from Mohawk Valley Fire on the...
Eugene2 days ago

Eugene Police Department warns of burglary ring targeting residential safes, cash, jewelry, and high-end handbags

Eugene, OR – The Eugene Police Department reported an increase in burglaries targeting homes in the Pacific Northwest. According to...
Eugene1 week ago

ESF honors victims of Triangle Shirtwaist Factory fire on 115th anniversary

Eugene, OR – Eugene Springfield Fire paused on March 25 to remember the 146 workers, most of them women, who...
Eugene1 week ago

Eugene Springfield Fire responds to duplex fire in West Eugene

Eugene, OR – Eugene Springfield Fire crews responded to a house fire in West Eugene on the morning of March...
Eugene1 week ago

27-year-old man arrested in Eugene for DUII, reckless driving, and eluding police

Eugene, OR – The Eugene Police Department arrested 27-year-old Francisco Cristobal Manuel on multiple charges following a traffic incident on...
Eugene1 week ago

Eugene Police Department seeks public help identifying burglary suspect

Eugene, OR – The Eugene Police Department is asking for assistance in identifying an individual suspected of burglarizing a local...
Eugene2 weeks ago

EPD arrests suspect after truck stolen at knifepoint on W. 11th Avenue

Eugene, OR – The Eugene Police Department arrested a suspect on March 18 after a work truck was reported stolen...
Eugene2 weeks ago

Eugene Police Department investigated fatal crash on Beltline on-ramp involving two vehicles

Eugene, OR – The Eugene Police Department responded to a fatal two-vehicle crash on the eastbound Beltline connector to Interstate...

Trending