Welcome to the Division of Banking (DOB)
The mission of the Illinois Department of Financial and Professional Regulation, Division of Banking, is to educate the public and promote confidence in the banking industry through a balanced application of regulations in an efficient, professional, fair, and responsive manner.
The Division of Banking oversees the chartering, supervision, and licensure of:
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State chartered banks, trust companies, and savings banks;
ATMs not owned by financial institutions, check printers, and pawnbrokers;
Mortgage banks and mortgage loan originators
Student Loan Servicing Licenses
Scam Alert for Mortgage Banking and other IDFPR Licensees
Attention licensees: we are aware of a phishing email that looks like an email from IDFPR. The email asks you to click a link to “complete your most recent up to date membership license certificate” and states that licensees must do so within 24 hours to avoid a license suspension.
The email comes from an email account not affiliated with IDFPR. If you receive an email like this, do NOT click any links and delete the email. If you have questions about the authenticity of an email from the Division of Banking or Division of Financial Institutions, please email IL.Banks@illinois.gov or FPR.DFI.Director@Illinois.gov.
Learn More about the PSLF Program in an Upcoming Webinar!
Are you a public school educator with student loans? Learn about possible loan forgiveness through the Public Service Loan Forgiveness (PSLF) Program! Sign up for one of our upcoming webinars to learn more about PSLF, how you may qualify, and the next steps you need to take. Learn more and sign up by going here.
FEDERAL STUDENT LOAN ALERT
Attention federal student loan borrowers: President Biden announced another extension on student loan relief due to COVID-19. Payments will now be suspended, with zero interest, until December 31, 2022. If you choose to make payments during this time, your entire payment will be applied to the principal of your loan.
For more information, please visit www.studentaid.gov.