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’s (IDOF) Financial Innovation Lab (FIL) and Boise State’s Institute for Pervasive Cybersecurity (IPC) will host a joint event on ransomware and cybercrime threats on Wednesday, April 24th, at 1:30 p.m. MT at Boise State University’s Alumni and Friends Center at 1173 West University Drive, 123A Ballroom A in Boise.
Today, financial regulatory agencies from 39 states, Puerto Rico,
and the District of Columbia ordered Sigue Corp. to cease engaging in any further money
transmission activities as the company can no longer responsibly serve customers due to
its declining financial position.
The inaugural Idaho Department of Finance (IDOF) Financial Innovation Lab (FIL) Conference attracted an impressive number of attendees and an incredible lineup of speakers including Idaho Governor Brad Little, Idaho Attorney General Raul Labrador, Securities and Exchange Commission (SEC) Commissioner Hester Peirce, Former Commodities Futures Trading Commission (CFTC) Chairman Chris Giancarlo, and U.S. Senator Mike Crapo.
Boise, Idaho… The Idaho Department of Finance (IDOF) urges the public to be aware of a recently reported scam targeting small business owners. Scammers impersonating various law enforcement agencies are contacting business owners claiming they are being investigated for fraudulently obtaining Paycheck Protection Program (PPP) loans, regardless of whether or not they have been repaid or forgiven.
The Idaho Department of Finance (IDOF) is excited to announce its participation in the “Our Financial Conference” in Moscow this April. The event, hosted by the University of Idaho Extension, will include an impressive variety of sponsors and financial experts.