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Division of Financial Institutions
Welcome to the Division of Financial Institutions (DFI)
The mission of the Illinois Department of Financial and Professional Regulation, Division of Financial Institutions (DFI), is to protect and educate the public and promote confidence in the regulated industries through administration of statutory responsibilities in an efficient, professional, responsive, and innovative manner.
DFI licenses, charters, and examines a wide variety of financial products and services including:
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:
IDFPR Announces Sigue Corp. to Cease Operations
Effective March 2024, Sigue Corp. may no longer provide money transmission services in Illinois, as the company can no longer responsibly serve customers due to its declining financial position. Consumers who have been affected or believe they might have been affected should file a complaint with IDFPR’s Division of Financial Institutions here: https://idfpr.illinois.gov/dfi/dficomplaintform.html. Consumers should be sure to select “Money Transmitters” as the Complaint Division.
You can learn more about this announcement in our consumer guide here and in our press release here.
If you are owed funds Sigue due to their cession of activities you may file a bond claim with Liberty Mutual, you can find a guide for the claim process here.
