IDFPR launched a new online licensing system! Learn more about CORE and which professions can use it to apply for licensure now by going here.

WEBSITE ALERT: IDFPR is no longer affiliated with the idfpr[.]com domain name. The website currently hosted on that domain is not authorized by IDFPR and may pose a security threat to visitors. Please be sure to use only IDFPR’s official website at IDFPR.illinois.gov.

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:

State chartered banks, trust companies, and savings banks

Pawnbrokers

Mortgage banks and mortgage loan originators

Student Loan Servicers

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.

CRA Annual Fee Notice

Attention Financial Institutions: You will be receiving a notice regarding the Illinois Community Reinvestment Act (CRA) annual fee due on September 1, 2024. This is a legitimate invoice.

While payments can still be made via paper check, we are encouraging everyone to use our new online payment option. Please see this link for instructions: https://idfpr.illinois.gov/content/dam/soi/en/web/idfpr/forms/online/Instructions-for-Online-Payment-Submission-CRA.pdf

Make your 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.

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: