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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

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

FEDERAL STUDENT LOAN ALERT

Attention federal student loan borrowers: In September, interest will begin accruing on all student loans again. Payments will resume in October. Prepare for your payments to restart by checking your balance and looking at repayment options at www.studentaid.gov.

Need help? Register for our free webinar series at https://go.uillinois.edu/repay.