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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:
Join Us for the Inaugural Student Loan Supervisory Taskforce Training!
Student loan regulators from across the country are invited to Chicago this fall for the Inaugural Student Loan Supervisory Taskforce Training. IDFPR, in partnership with the North American Collection Agency Regulatory Association and the National Association of Consumer Credit Administrators, look forward to hosting this three-day event. Join us to learn more about student loan oversight efforts at this forum.
The event will be held October 14-16, 2025. More information (including how to sign up) may be found in this promotional flyer.
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.
