Mortgage Lender In Long Fight With State Banking Is Closing, CEO Says

Connecticut News Junkie, Nov. 15, 2019–Shawn R. Beals
1st Alliance CEO John DiIorio said he puts the blame for the business closing entirely on the state, which is seeking a $1.5 million penalty in a license revocation case that has been pending for about a year and a half. The state has claimed that 1st Alliance misled consumers through its use of call center employees, who are alleged to have performed tasks that require licenses.