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

3 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 takes aim at Health Secretary Kennedy, calls him ‘a disaster for America’s public health’ as top Democrat launches investigation into alleged lies during confirmation hearing

Oregon – Oregon Sen. Ron Wyden is sharply criticizing Health and Human Services Secretary Robert F. Kennedy Jr. over the...
Oregon1 day ago

Sen. Wyden claims Trump ‘allegedly knew’ Nvidia CEO had relationship with spy, says officials ‘bent over backwards’ to help company sell advanced chips to shady Chinese companies as he launches investigation

Oregon – Oregon Sen. Ron Wyden is demanding answers from the Trump administration over its decision to allow Nvidia to...
Eugene1 day ago

Local woman arrested for DUII after claiming she was victim of hit-and-run, police find two open alcohol containers in vehicle

Eugene, OR – A 19-year-old woman was arrested on DUII and reckless driving charges after reporting that she had been...
Eugene1 day ago

26-year-old man arrested on multiple charges after alleged gun threat on Eugene bike path

Eugene, OR – A 26-year-old man was arrested after allegedly threatening two men and pointing a gun at them on...
Eugene1 day ago

Two suspects arrested in Roseburg after string of armed robberies in Eugene and Springfield

Eugene, OR – Two men from Roseburg were arrested after Eugene and Springfield police worked together to investigate a series...
Eugene1 day ago

Eugene Springfield Fire crews practice school bus stabilization and access during training drill

Eugene, OR – Eugene Springfield Fire’s D-Shift practiced stabilizing and gaining access to a school bus during a training exercise....
Oregon1 week ago

Oregon Sen. Merkley says Americans want cheaper gas and health care after judge blocks President Trump’s ‘ego-fueled’ 250-foot arch approved by panel led by his allies

Oregon – Oregon Sen. Jeff Merkley criticized President Donald Trump’s proposed 250-foot triumphal arch in Washington, D.C., after a federal...
Eugene1 week ago

One person rescued from West Eugene house fire as firefighters contain flames to single room

Eugene, OR – One person was transported to the hospital for evaluation after firefighters responded to an electrical fire at...
Eugene1 week ago

One person seriously injured in West Eugene house fire as crews battle flames spreading to attic

Eugene, OR – One person was seriously injured in a house fire in West Eugene Friday evening after flames spread...
Eugene1 week ago

Eugene police arrest 42-year-old man after finding more than 360 grams of suspected methamphetamine

Eugene, OR – A 42-year-old man was arrested in Eugene after police discovered more than 360 grams of suspected methamphetamine,...
Eugene1 week ago

Driver suffers medical emergency, crashes into storage units along Eugene’s Beltline Highway

Eugene, OR – A driver was taken to the hospital after suffering a medical emergency and crashing into a storage...

Trending