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:
|11/13/2015||Beware the ‘Next Big Thing’ in Investing|
DFI today issued an advisory reminding investors to be cautious when considering investing in three products recently making news: marijuana-related investments, binary options and digital currency. Check out this advisory for information on each of these products, including their risks: Next Big Thing_KY.pdf.
|9/25/2015||Hopkinsville Senior Scam Jam|
|8/28/2015||2014 Annual Report|
|8/4/2015||Prestonsburg Senior Scam Jam|
DFI will host a public hearing on the agency's proposed
payday lending administrative regulation on Tuesday, June 30, 2015, at 9 a.m. in the DFI Training Room.
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.