Press Releases

August 27, 2025

The Idaho Department of Finance (IDOF) and Idaho Commission on Aging (ICOA) are announcing the creation of a joint Senior Fraud and Financial Exploitation Prevention Working Group (SFFEP) comprised of financial and senior protection experts to provide recommendations for potential policies, frameworks, and solutions that can help better protect Idaho’s senior community from financial crime. More...

August 27, 2025

WaFd Bank in partnership with the Idaho Department of Finance’s (IDOF) Financial Innovation Lab (FIL) will be hosting a cybercrime event focusing on the threat “Business Email Compromise” (BEC) presents to Idaho’s small businesses. The event will take place at 2 pm on Thursday August 22nd at the Riverside Hotel. More...

August 27, 2025

The Idaho Department of Finance (the “Department”) joined twenty-four other state financial regulatory agencies in taking collective action against Plutus Financial, Inc., Abra Trading, LLC, Plutus Financial Holdings, Inc., Plutus Lending, LLC (collectively known as “Abra”), and CEO and largest equity owner William “Bill” Barhydt for operating a cryptocurrency company without receiving the required state licensing. More...

August 27, 2025

Alternative Investments are investments such as art, collectibles, real estate, private equity, venture capital, and commodities that do not fall into traditional categories such as stocks, bonds, or cash. More...

August 27, 2025

The Idaho Department of Finance (IDOF) is warning the public against scams that involve the physical purchase and delivery of gold and other precious metals. Illicit actors trick victims into believing that either their identity, computer, or financial account(s) have been compromised. More...

August 27, 2025

The Idaho Department of Finance (IDOF) is warning consumers against “Pig Butchering” scams that have recently targeted Idahoans. Pig butchering scams are unique because they are long-term schemes that combine elements of investment scams, romance/friendship scams, and cryptocurrency transactions to steal all the money an individual possesses or can access (i.e., persuading individuals to take out loans in addition to sending money from their bank accounts). More...

August 27, 2025

Idaho Department of Finance Director, Patti Perkins and Idaho Superintendent of Public Instruction, Debbie Critchfield have declared April Financial Literacy Month in Idaho. Financial Literacy Month serves as a platform to highlight the significance of understanding the primary pillars of personal finance, such as budgeting and saving, homebuying, managing debt, making informed investment decisions, and protecting hard-earned assets through scam awareness. More...

August 27, 2025

Imposter scams are a growing threat to consumers nationwide, and Idahoans are being targeted at an alarming rate, along with consumers throughout the country. More...

August 27, 2025

Buying a house is a significant life decision, and the process can feel overwhelming. This week the Idaho Department of Finance is providing resources to help first-time homebuyers in Idaho navigate the journey with confidence. More...

August 27, 2025

As we kick off Financial Literacy Month, the Idaho Department of Finance is proud to feature a prominent Idaho coalition that works diligently to promote Financial Literacy across the state.... the Idaho Financial Literacy Coalition (IFLC)! More...