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ALL MAJOR FINANCIAL FEDERAL AGENCIES ENTER CEASE AND DESIST ORDER AGAINST MERS

Published on April 29, 2011 By Minh Pham

MERS AND MERSCORP ENTERED INTO A CONSENT CEASE AND DESIST ORDER FINDING DEFICIENCIES IN THE PRACTICES AND PROCEDURES THAT POSE A RISK TO THE MEMBER BANKS. ABSTRACT OF ORDER Posted on April 13, 2011 by Neil Garfield The Agencies find, and MERS and MERSCORP neither admit nor deny, the following: 
(1)    MERS is a wholly-owned [...]