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.
WaFd Bank and the Idaho Department of Finance’s (IDOF) Financial Innovation Lab (FIL) are partnering to host a FIL Speaker Series Event for Idaho small businesses and the public focusing on “Business Email Compromise” (BEC) cybercrime at 2 pm on Thursday August 22nd at the Riverside Hotel.
The Idaho Department of Finance (IDOF) Financial Innovation Lab’s (FIL) Emerging Technology Advisory Committee (ETAC) finalized research products on issues relating to the cybercrime threat “Business Email Compromise” (BEC) poses to the American public and the oversight of predicative data analytics (PDA).
The Idaho Department of Finance issued an order to Cease and Desist and Impose Penalties against Jessica Ann Marshall, a former Branch Manager at the Bank of Idaho who used her position between June and September 2023 to embezzle and steal at least $345,664.66 belonging to or entrusted to the Bank.
The Idaho Department of Finance (IDOF), in partnership with the Idaho Scam Jam Alliance (ISJA), is excited to announce three community events to raise awareness about the increasing prevalence of financial scams and provide essential prevention tips.
