Revised Order against C.L.B. Check Cashing, Inc.
STATE OF NEW YORK
In the Matter of
C.L.B. CHECK CASHING, INC
A Casher of Checks licensed pursuant
Second Revised Order Issued
WHEREAS, on April 26, 2007, the State of New York Banking Department (the “Banking Department”) issued its Revised Order Issued Pursuant to New York Banking Law Section 39(the “Revised Order”), relating to C.L.B. CHECK CASHING, INC. (“C.L.B.”), attached hereto and expressly incorporated by reference herein; and
WHEREAS, on April 26, 2007, C.L.B. and certain other enumerated parties, as specified in the Revised Order, each entered into a Plea and Sentence Agreement (the “Plea Agreements”) with the New York County District Attorney’s Office; and
WHEREAS, on September 28, 2007, C.L.B. and certain other enumerated parties, as specified in amendments to the Plea Agreements, were granted an extension of time, with respect to date of sentencing, by the New York County District Attorney’s Office from September 28, 2007 to November 27, 2007; and
WHEREAS, in order to provide for the operations of C.L.B. to be conducted in a safe and sound manner during the interim period from September 28, 2007 until the sale or change of control of the C.L.B. licensed locations, the Superintendent of Banks believes that continued regulatory action is necessary through the issuance of this Second Revised Order Issued Pursuant to New York Banking Law Section 39 (the “Second Revised Order”) to protect the public interest and to address the Banking Department’s ongoing supervisory concerns regarding C.L.B. and that additional enforcement action may be necessary to address supervisory concerns that may come to the attention of the Superintendent;
NOW, THEREFORE, it is ordered that:
The date of sentencing contained in Paragraph 14 of the Revised Order is changed from September 28, 2007 to November 27, 2007.
All other terms and conditions of the Revised Order remain unchanged.
Witness, my hand and official seal of the Banking Department at the City of New York, this 28th day of September in the Year two thousand seven.
Marjorie E. Gross
Deputy Superintendent and