Agencies
Services
Division of Banking
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:
CRA Annual Fee Notice
Attention Financial Institutions: You will be receiving an invoice regarding the Illinois Community Reinvestment Act (CRA) annual fee for Banks and Covered Mortgage Licensees. The annual fee is due on July 31 for FY 2026. This is a legitimate invoice.
For Banks: While payments can still be made via paper check, we are encouraging everyone to use our new online payment option. Please see link for instructions: https://idfpr.illinois.gov/content/dam/soi/en/web/idfpr/forms/online/Instructions-for-Online-Payment-Submission-CRA.pdf
Make payment here: https://magic.collectorsolutions.com/magic-ui/en-US/Login/il-IDFPR
There will be an associated fee of 75 cents for e-checks and 2.25% for credit/debit cards.
For Covered Mortgage Licensees: The annual fee will be invoiced through the NMLS and is payable through the NMLS via a link entitled “Illinois CRA Fee”
Letter Issued on Bank-Fintech Partnerships
On September 20, 2024, the Division of Banking issued a notice to Illinois state-chartered banks and savings banks regarding recent statements by Federal Banking Agencies on arrangements between banks and third parties to deliver deposit products to customers.
The full notice letter can be found here: notice
The Division of Banking formerly regulated ATMs not owned by financial institutions and check printers
UPDATE - ATM Registration and Check Printer Requirements Have Changed
The Electronic Fund Transfer Act was amended to repeal the requirement for all non-bank ATM owners to register terminals in Illinois with the Division of Banking. For more information, please click here.
Rules Adopted for Historic Community Reinvestment Act Implementation
On May 1, 2024, IDFPR’s proposed rules to implement the historic Illinois Community Reinvestment Act (“CRA”) were adopted and filed with the Illinois Secretary of State. Signed into law in March 2021, the CRA sets state standards for IDFPR to evaluate whether state-chartered banks, credit unions, and non-bank mortgage lenders are meeting the credit needs of the communities they serve. The Act especially encourages lending to low- and moderate-income communities by Illinois covered financial institutions.
The rules may be found below:
