Illinois Department of Financial and Professional Regulation (IDFPR)

Description: According to their website, IDFPR is committed to protecting Illinois citizens in their dealing with the industries and professions that IDFPR regulates and licenses. IDFPR licenses over 1 million professionals in approximately 100 industries. IDFPR is comprised of the Office of the Secretary and four divisions that represent the agency‘s various functions and activities:

The Division of Banking oversees the regulation and licensure of State chartered banks, trust companies, ATMs not owned by financial institutions, check printers, pawnbrokers, savings banks and savings and loan associations & mortgage bankers and brokers.

The Division of Financial Institutions The Financial Institutions Code provides the authority to regulate, license, examine and investigate currency exchanges, credit unions, consumer finance companies, title insurance companies and money transmitters.

The Division of Insurance The mission of the Division of Insurance is to protect consumers by providing assistance and information, by efficiently regulating the insurance industry‘s market behavior and financial solvency, and by fostering a competitive insurance marketplace.

The Division of Professional Regulation Their mission is to serve, safeguard, and promote the public welfare by ensuring that licensure qualifications and standards for professional practice are properly evaluated, accurately applied and vigorously enforced.

Source: Illinois Department of Financial and Professional Regulation
Date Last Revisited: 12/04/09