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

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.

You may also like…

Eugene3 days ago

Eugene firefighters battle three suspicious brush fires in early morning hours along East Bank Bike Path

Eugene, OR – Eugene Springfield Fire crews responded to a series of suspicious brush fires early Monday morning, with three...

Eugene3 days ago

Dozens begin careers in emergency response as 43 new recruits enter Eugene Springfield Fire EMS academy

Eugene, OR – On Monday, 43 individuals officially began their journey into emergency services as they entered the Eugene Springfield...

Eugene3 days ago

19-year-old taken into custody on drug and weapon charges after early morning contact at Skinner Butte Park

Eugene, OR – A Eugene Police officer arrested a man at Skinner Butte Park early Saturday morning after discovering a...

Eugene3 days ago

Propane leak shuts down section of Danebo during emergency response in west Eugene

Eugene, OR – Danebo Avenue between Roosevelt Boulevard and West 11th Avenue was closed to traffic Monday morning as emergency...

Oregon5 days ago

Governor Kotek invokes Emergency Conflagration Act for Elk Fire in Klamath County as wildfire threat grows

Oregon – Governor Tina Kotek has invoked the Emergency Conflagration Act in response to the Elk Fire burning in Klamath...

Eugene5 days ago

Eugene braces for heat advisory as temperatures near 100 degrees, splash pads open daily to help residents stay cool

Eugene, OR – The National Weather Service has issued a heat advisory for the Eugene area on Saturday, July 13, with...

Eugene5 days ago

Firefighters contain South Hills house fire in Eugene, prevent spread to nearby trees and homes

Eugene, OR – A house fire broke out Saturday morning in Eugene’s South Hills, prompting a swift response from Eugene...

Eugene6 days ago

Eugene seeks creative frightful features for Halloween celebration

Eugene, OR — As Halloween Downtown returns this October, the City of Eugene’s Cultural Services division is calling on local...

Eugene6 days ago

Eugene Springfield Fire responded to vehicle fire after rollover crash

Eugene, OR — On July 9 at approximately 3:35 p.m., Eugene Springfield Fire crews responded to a vehicle that had...

Eugene1 week ago

34-year-old suspect wanted for murder apprehended by Eugene police using license plate reader system

Eugene, OR – Eugene Police Department successfully arrested Isiah Terrell Taylor, 34, a suspect wanted by the Milwaukee Police Department...

Eugene1 week ago

Eugene police officers join Special Olympics Oregon Torch Run to show support

Eugene,r O – Eugene Police Department officers took to the streets for the Special Olympics Oregon Torch Run, carrying the...

Trending