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Dan Haar: Foot-dragging and stonewalling by CT banking regulators

Dan Haar: stonewalling and foot-dragging by CT banking.

A really exchange that is odd on Oct. 23 in a hot, crowded hearing space in Hartford, where in fact the fate of first 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 exact same division. Serrano joined each one of these as evidence and asked Landini to learn quite a few aloud with minute details, verifying they were genuine.

With this they were up to exhibit No. 391 day. Serrano and Landini would do that for several days, all within the department’s instance against first Alliance, which can be faced with using unlicensed home mortgage originators to complete work that needs a permit.

Landini was — whilst still being is, even today — the very first substantive witness in this administrative hearing away from a lot more than 25 the division and first Alliance may call to testify in the department’s workplaces. Continue reading