The Kentucky Department of Financial Institutions (DFI) is the state agency responsible for the supervision of the financial services industry and for chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. In order to accomplish its mission, DFI conducts examinations on state-regulated financial industries through its
Division of Depository Institutions,
Division of Nondepository Institutions and
Division of Securities.
DFI also provides educational materials and outreach to protect consumers from financial fraud. DFI assists the industry and public through the investigation of complaints filed with the office. If you have a question or need to file a complaint, DFI is here to help.
The DFI website has been redone for improved content and navigation. You will find all the useful information from the previous site, as well as some new pages. Everything you need can be found using the yellow ribbon across the top of the page. In particular:
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| 3/9/2012 | Storm Damage | Those who wish to help the victims of the severe storm damage of March 2, can find out about donating or volunteering at http://kyem.ky.gov. Individuals in approved counties can apply for FEMA assistance at 800-621-FEMA or www.disasterassistance.gov. Suspected disaster fraud should be reported to the National Center for Disaster Fraud at 866-720-5721. Often after disasters, scams will surface that appear to be linked to charities, contractors and others. The Department of Financial Institutions reminds consumers to double check special storm damage “deals” and offers that sound too good to be true. Find out more at http://migration.kentucky.gov/newsroom/eppc_ofi/stormscam030712.htm | | 2/20/2012 | Kentucky Saves Week | DFI is celebrating Kentucky Saves Week by participating in an event at the capitol on Feb. 22. Also DFI supports Military Saves Week with the “ Financial Field Manual for Military Families.pdf." DFI will provide free copies of this resource to military personnel on bases and to military families. | | 12/29/2011 | Consumer Tips | | | 11/18/2011 | Website unavailability | The DFI website will be unavailable for a short period of time on Nov. 19-20 due to a scheduled electrical outage. | | 11/1/2011 | Elder Financial Abuse Conference | |
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Mission Statement
DFI's mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence and encouraging economic opportunities.
Putting the Mission to Work
In fulfilling its mission, DFI is dedicated to serving the suppliers, as well as the users, of financial services and to assuring a stable market which brings the two together.
DFI also works to promote economic growth through increased capital, whether by initial capitalization of private investors or retained earnings, and by flexible policies, laws and regulations that provide for competition within the industries.
Primarily through the examination process, DFI determines if Kentucky's state-regulated financial institutions and securities entities are exercising safe and sound practices and/or complying with applicable laws and regulations. Depository institutions are evaluated in the areas of management, quality of assets, capital adequacy, earnings and liquidity and are checked for compliance with laws and regulations. Securities entity and non-depository institution examinations are focused primarily on regulatory compliance and consumer protection issues.
DFI's long and continuing tradition of public service is supported and sustained by a highly skilled and diverse workforce that responds rapidly to changes in the financial environment.