Safeguarding the financial health of Idahoans through the appropriate oversight of diverse financial institutions, the education and protection of consumers, and by fostering sensible innovation in the financial services market.
The Financial Institutions Bureau regulates, supervises and examines state-chartered commercial banks, savings banks, credit unions, bank holding companies, trust companies and business and industrial development corporations.
The Consumer Finance Bureau licenses and supervises financial service providers pursuant to the Idaho Residential Mortgage Practices Act, the Idaho Collection Agency Act, and the Idaho Credit Code.
The Securities Bureau administers and enforces several consumer and business protection statutes.
Where individuals or entities violate these statutes, appropriate remedies are sought using statutory and administrative enforcement authority. The Bureau also provides assistance in criminal prosecutions when necessary.
The Idaho Department of Finance (IDOF) is excited to announce its inaugural Protecting Consumers in the Digital Age Conference, powered by the IDOF Financial Innovation Lab (FIL), on February 19, 2024, at the Boise Center.
The Idaho Department of Finance (IDOF) is announcing the issuance of a Cease-and-Desist Order against RONGISTRVAUTOSALES.COM; AUTO SALES GROUP, LLC; AAAEQUPLAG, LLC; LARRY GIBBS; DARIUS PETRONIS; and associated parties outlined in the order
The Idaho Department of Finance (IDOF) is pleased to recognize the month of December as Identity Theft Prevention and Awareness Month. Identity theft is defined as a crime where a consumer’s personal or financial information is illegally obtained to commit fraud.
Patricia Perkins, Director of the Idaho Department of Finance, is warning consumers to look closely at incoming mail that may appear to be correspondence from regulated consumer lenders but are really third-party advertisements or even scams.
Patricia Perkins, Director of the Idaho Department of Finance, is warning consumers to be aware of spoofed websites. The Department recently became aware of a phony website purporting to represent Idaho licensed lender Ace Cash Express.