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
Information for Illinois Banks on Cryptocurrency Activities
The Department recently issued a letter to Illinois chartered banks and savings banks pertaining to crypto related activities. If there are any questions, the bank should contact its lead supervisory contact at the Department’s Division of Banking or at the email address: IL.BANKS@illinois.gov
New Division of Banking License Lookup Tool Available
A new website is now available for you to check if an entity holds a license with the Division of Banking! You can use that lookup tool by going here: IDFPR Division of Banking Look Up
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, to no later than June 30, 2023. Payments will then resume 60 days after the pause ends. 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.