Oregon Division of Financial Regulation issues cease-and-desist order against money transmitter
The owner was indicted in federal court on Thursday
The Oregon Division of Financial Regulation (DFR) has issued a cease-and-desist order against a money transmitter and its owner. With the holiday weekend upon us, DFR is making consumers aware of the need to work with a licensed money transmitter when sending money domestically or internationally.
Brenda Lili Barrera Orantes, the owner and operator of La Popular, was arraigned in federal court in Portland on Thursday after being charged for laundering drug proceeds. More information on the arraignment is available on the U.S. Attorney’s Office website.
The division is ordering the business and Barrera Orantes to cease and desist all criminal and regulatory violations related to money transmission.
La Popular has several locations in Oregon, including Hillsboro, Canby, Odell, Woodburn, and Beaverton.
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About Oregon DFR: The Division of Financial Regulation protects consumers and regulates insurance, depository institutions, trust companies, securities, and consumer financial products and services. The division is part of the Department of Consumer and Business Services, Oregon’s largest consumer protection and business regulatory agency. Visit dfr.oregon.gov and dcbs.oregon.gov.
Contact information
Mark Peterson, communications director
971-283-5405
Mark.Peterson@dcbs.oregon.gov
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