Dan Haar: Foot-dragging and stonewalling by CT banking regulators
Dan Haar: stonewalling and foot-dragging by CT banking.
A rather exchange that is odd on Oct. 23 in a hot, crowded hearing space in Hartford, in which the fate of 1st Alliance Lending LLC, a once-large Connecticut home loan loan provider, hung in the total amount.
Stacey Serrano, an attorney for their state Department of Banking, had presented document after document, e-mail after e-mail, to her witness, Dan Landini, an examiner for the department that is same. Serrano joined each one of these as evidence and asked Landini to read through most of them aloud with minute details, verifying they were genuine.
On this time, these were up to demonstrate No. 391. Serrano and Landini would repeat this for several days, all into the department’s instance against first Alliance, that will be faced with using unlicensed home mortgage originators doing work that needs a permit.
Landini was — whilst still being is, even today — the initial substantive witness in this administrative hearing away from significantly more than 25 the division and first Alliance may phone to testify during the department’s workplaces. So that it’s shaping around be an endless litigation.