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.
Everything you need on this site can be found using the yellow ribbon across the top of the page. In particular:
|7/13/2016||2015 Annual Report|
|6/2/2016||New Scam Alerts by Text|
You can now get texts about scams targeting Kentuckians. To sign up for the Office of the Attorney General’s Scam Alerts, text the words KYOAG Scam to GOV311 (468311). Or, enroll online at http://ag.ky.gov/scams/ and select text message or email alert.
|5/10/2016||Supervisory Guidance About Industrial Hemp Production|
DFI has issued a Supervisory Guidance relating to industrial hemp production in Kentucky. This guidance establishes the Department's position regarding a state-chartered depository institution's obligations under the BSA/AML laws relating to government authorized industrial help programs. To review the guidance, visit the Advisory Opinions page.
|4/20/2016||Mortgage Processor Changes|
Gov. Matthew Bevin has signed into law Senate Bill 97, which eliminates the requirement for employee loan processors to register with DFI. However, non-W2 (contract), loan processors will need to continue the previously established registration process. This new law does not become effective until mid-July. Until then, mortgage loan processors are still required to be registered with DFI. For more information, visit the Mortgage page.
|1/26/2016||Bank executives invited to Executive Leadership of Cybersecurity seminar|
Community bankers are invited to the Executive Leadership of Cybersecurity (ELOC) seminar on March 1 in Covington, Ky. DFI is partnering with the Conference of State Bank Supervisors (CSBS) to offer this seminar designed for bank CEOs and senior executives. The program provides a non-technical overview of cyber threats, resources and best practices. Register at http://www.cvent.com/d/rfq08w/1Q.
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.