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

1 year 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…

Eugene12 hours ago

ESF celebrates progress as young women gain hands-on experience at annual fire camp

Eugene, OR – Eugene Springfield Fire is marking the halfway point of its annual fire camp, where 16 young women...
Eugene12 hours ago

Eugene Springfield Fire promotes wildfire preparedness following defensible space demonstration

Eugene, OR – Earlier this week, members of the Eugene Springfield Fire Marshal’s Office attended a live demonstration on creating...
Eugene12 hours ago

City of Eugene outlines closures and adjusted schedules for Independence Day on July 4

Eugene, OR – In observance of Independence Day, the City of Eugene has announced closures and adjusted schedules for Friday,...
Eugene13 hours ago

37-year-old man cited for DUII, reckless driving after crash into power pole

Eugene, OR – A 37-year-old man was cited following a single-vehicle crash early Tuesday morning that ended with a pickup...
Crime & Safety3 days ago

11-year-old and his sibIing came to live with his educator following trauma related to their famiIy housing, only for the woman to give birth to his baby after indcently assauIting the student for years: DA

New Jersey – A 34-year-old New Jersey woman was indicted last week on charges including aggravated se-ual assauIt, se-ual assauIt,...
Crime & Safety3 days ago

ChiId told police he began eating Iunch in his educator’s cIassroom because he had issues associating with the right crowd, only for the woman to cover the windows, Iay a piIIow down in a corner and indcently assauIt him

Florida – A Florida middIe schooI empIoyee, 32-year-old S. Jakas, was arrested and charged with multiple felony offenses related to an...
Oregon7 days ago

Oregon fire marshal urges safe and legal fireworks use during 2025 sales season

Oregon – As the 2025 fireworks retail season begins June 23 and runs through July 6, the Oregon State Fire...
Eugene7 days ago

Heavy fire at Eugene home prompts swift response, no victims found

Eugene, OR – Early on June 20, Eugene Springfield Fire crews responded to a significant house fire in the 1000...
Eugene7 days ago

Woman arrested for arson and theft after early morning Eugene house fire

Eugene, OR – Leticia Datu-Strong, also known as Rickie Potts, 40, was arrested and booked into Lane County Jail on...
Eugene7 days ago

City of Eugene seeks two citizen members for police commission

Eugene, OR – The City of Eugene is currently accepting applications for two interim citizen member positions on the Eugene...
Crime & Safety1 week ago

Mom Ieft her baby with a woman she found onIine only for the caregiver to kiII the chiId just four days later from head trauma likely caused by being struck or hitting an object, then do the same to another baby years later: DA

Oklahoma – An Oklahoma woman was formally charged this week with first‑degree murder for the death of a 3-week-old chiId...

Trending