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Violation Tracker Individual Record

Company: Official Payments Corp.
Penalty: $185,000
Year: 2015
Date: April 21, 2015
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: consumer protection violation
Violation Description: Official Payments Corp. agreed to pay a $185,000 penalty in settlement of allegations it failed to keep required levels of equity and securities to protect shareholders, and multiple record-keeping violations in its business as a money transmitter.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
Source of Data: (click here)
Notes: Joint investigation with the Alaska Division of Banking & Security.
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.