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 hours ago

Gov. Kotek says federal court ruling blocking Trump administration’s attempts to interfere with how USPS can deliver ballots is “another important win for Oregon voters”

Oregon – Gov. Tina Kotek praised a federal court ruling temporarily blocking new Trump administration restrictions on Oregon’s vote-by-mail system,...
Oregon2 hours ago

Gov. Kotek responds after DOJ sues Oregon over in-state tuition for immigrants lacking legal status, says she will continue to stand up for their opportunity to pursue an education

Oregon – “Young people who grow up in Oregon, go to Oregon schools, and graduate from Oregon high schools are...
Eugene2 hours ago

Woman arrested for DUII after Eugene Police find her crashed into tree with more than a dozen nitrous oxide tanks

Eugene, OR – A woman was arrested on multiple charges after Eugene Police responded to a reported vehicle stopped in...
Eugene2 hours ago

31-year-old man taken into custody after Eugene Police SWAT evacuates neighborhood during search warrant

Eugene, OR – The Eugene Police SWAT Team took a 31-year-old man into custody early Friday morning after officers evacuated...
Eugene2 hours ago

Eugene Police honors fallen Officer Oscar Duley nearly a century after his death

Eugene, OR – The Eugene Police Department honored Officer Oscar Duley, remembering his service and sacrifice nearly a century after...
Eugene3 hours ago

Eugene Police releases statement after emergency alert about incident near Elmira Road is sent countywide

Eugene, OR – Lane County residents received an emergency alert related to an active incident Eugene Police were handling near...
Eugene3 hours ago

Eugene Springfield Fire crews visit Ya-Po-Ah Terrace to discuss safety after Skinners Butte fire

Eugene, OR – Eugene Springfield Fire personnel recently visited residents at Ya-Po-Ah Terrace following an invitation from the community to...
Oregon5 days ago

“President Trump’s chaotic tariff taxes are hitting Oregon hard,” Gov. Kotek says as latest analysis reveals tariffs are costing the state an estimated $442 million in revenue

Oregon – “President Trump’s chaotic tariff taxes are hitting Oregon hard,” Gov. Tina Kotek said, pointing to new state analysis...
Eugene5 days ago

Eugene man arrested after police encounter involving two juveniles

Eugene, OR – A 68-year-old Eugene man was arrested after police responded to a report involving two juveniles on Aug....
Eugene5 days ago

Eugene police join community at 5th annual Oregon Aloha Festival

Eugene, OR – The Eugene Police Department joined community members at the 5th annual Oregon Aloha Festival held Aug. 21–22...
Eugene5 days ago

Eugene apartment fire sends occupant to hospital for smoke inhalation, firefighters rescue two cats

Eugene, OR – One person and two cats were transported for emergency care following an apartment fire in Eugene on...

Trending