Illinois Department of Financial and Professional Regulation
Recent News About Illinois Department of Financial and Professional Regulation
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Millennium Bank assumes control over Pulaski Savings Bank amid financial instability
The Illinois Department of Financial and Professional Regulation (IDFPR) Division of Banking, in collaboration with the Federal Deposit Insurance Corporation (FDIC), has assumed control of Pulaski Savings Bank in Chicago.
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Illinois bank's interest rate on savings accounts set at 0.005% as of Dec 31
The Illinois Department of Financial and Professional Regulation, Division of Banking has announced the interest rate paid by the largest commercial bank in Illinois.
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Cannabis sales rise in November with increased item count and revenue
Adult-use cannabis sales figures for November 2024 have been released, showing a significant increase compared to the same month in the previous year.
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Cannabis sales reach over $142 million in October
Sales figures for adult-use cannabis in October 2024 have been released, showing a total of 4,160,706 items sold.
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Illinois Department releases October 2024 enforcement report
The Illinois Department of Financial and Professional Regulation (IDFPR) has released its enforcement report for October 2024.
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Illinois launches new online professional licensing system
The Illinois Department of Financial and Professional Regulation (IDFPR) has launched a new online licensing system called the Comprehensive Online Regulatory Environment (CORE).
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Illinois regulators announce September enforcement actions
The Illinois Department of Financial and Professional Regulation (IDFPR) has disclosed the enforcement actions executed in September 2024. The announcement was made by Director of Financial Institutions, Francisco Menchaca, Acting Director of Professional Regulation, Camile Lindsay, and Director of Real Estate, Laurie Murphy.
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State releases cannabis sales figures for September 2024
The state has released the adult-use cannabis sales figures for September 2024. The report shows that a total of 3,999,904 items were sold during the month. In-state residents accounted for $106,079,925.08 in sales, while out-of-state residents contributed $30,428,941.70. This brings the total sales for September to $136,508,866.78.
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Officials warn against new scam targeting student loan borrowers
The Illinois Department of Financial and Professional Regulation (IDFPR) Division of Banking, alongside Illinois Attorney General Kwame Raoul, has issued a warning about a new scam targeting student loan borrowers. This scam exploits the current uncertainty surrounding student loans by promising lower monthly payments or loan forgiveness in exchange for upfront fees.
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Illinois releases August 2024 enforcement report
The Illinois Department of Financial and Professional Regulation (IDFPR) has released its enforcement report for August 2024. This announcement was made by the department's Director of Financial Institutions, Francisco Menchaca, Acting Director of Professional Regulation, Camile Lindsay, and Director of Real Estate, Laurie Murphy.
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Cannabis sales show steady growth in July and August 2024
Adult use cannabis sales figures for July and August 2024 have been released, showing continued strong performance in the market.
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Illinois agencies launch campaign against unlicensed dentistry
In response to a troubling rise in reported unlicensed dental practices across the state, the Illinois State Dental Society (ISDS) and the Illinois Department of Financial and Professional Regulations (IDFPR) have launched a collaborative campaign urging the public to seek dental care only from licensed dentists.
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Illinois Division of Banking receives 2024 CSBS reaccreditation
The Illinois Department of Financial and Professional Regulation’s (IDFPR) Division of Banking (DOB) has announced its recent reaccreditation by the Conference of State Bank Supervisors (CSBS). This recognition confirms that DOB maintains high standards in state bank supervision. Illinois was first accredited by CSBS in 1984 and has maintained this status since then.
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Illinois announces $9 million investment in new digital licensure process
The Illinois Department of Financial and Professional Regulation (IDFPR) announced plans to modernize its professional licensing system for individuals in Illinois. The new digital licensure process will be developed in partnership with NIC Licensing Solutions, LLC, a leading provider of digital government services.
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Illinois Department announces June 2024 enforcement actions
SPRINGFIELD, IL - The Illinois Department of Financial and Professional Regulation (IDFPR) announced that Director of Financial Institutions, Francisco Menchaca, Acting Director of Professional Regulation, Camile Lindsay, and Director of Real Estate, Laurie Murphy signed the following enforcement actions taken during the month of June 2024.
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IDFPR highlights licensing assistance for military families in July
The Illinois Department of Financial and Professional Regulation (IDFPR) is emphasizing its support for service members and their spouses during Military Consumer Month this July. The department aims to inform them about the assistance available when applying for professional licensure in Illinois.
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Illinois leads nation in diverse cannabis business ownership
The Cannabis Regulation Oversight Office (CROO) has published the Disparity and Availability Study for adult-use cannabis licenses in Illinois, revealing that the state currently boasts the most diverse cannabis industry in the nation. The study, mandated by the Cannabis Regulation and Tax Act (CRTA), reviewed 559 adult-use cannabis licenses issued to over 400 businesses from January 1, 2020, through January 31, 2023.
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Illinois reaches $1 billion milestone for cannabis retail sales
Illinois celebrates $1 billion in cannabis retail sales
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Adult use cannabis sales show slight decline in June 2024
Adult use cannabis sales figures for June 2024 have been released, showing a slight decrease compared to May 2024. The total sales for June amounted to $141,752,141.71 with in-state resident sales contributing $109,136,192.82 and out-of-state resident sales accounting for $32,615,948.89.
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May cannabis sales reach over $146 million
Adult use cannabis sales figures for May 2024 have been released, showing a total of 4,112,540 items sold. The sales amounted to $113,119,777.82 from in-state residents and $33,109,799.17 from out-of-state residents, bringing the total sales to $146,229,576.98.