State Banking

IDFPR Adds 8 License Types to CORE Platform

The Illinois Department of Financial and Professional Regulation (IDFPR) has added eight new license types to its CORE licensing platform, completing Phase 3.3 of the system's implementation. This update includes professions involved in combat athletic competitions, aiming to streamline licensing and enhance participant safety.

Richard Manni License Revoked for Fraud

The Michigan Department of Insurance and Financial Services (DIFS) has revoked Richard Manni's insurance license due to fraud and misrepresentation. The order accepts a stipulation agreement between DIFS and the respondent, formally ending the enforcement case.

Joseph Giambra License Revoked - Enforcement Action

The Michigan Department of Insurance and Financial Services (DIFS) has revoked Joseph Giambra's insurance license. This enforcement action stems from Giambra's admitted attempt to obtain a license through misrepresentation or fraud and the use of fraudulent or dishonest practices.

Jaylen Moncrief License Revoked for Exam Fraud

The Michigan Department of Insurance and Financial Services (DIFS) has revoked Jaylen Moncrief's insurance license due to exam fraud and misrepresentation. The order accepts a stipulation and immediately revokes the license, prohibiting any future applications for licenses administered by DIFS.

Jivara Shaboo License Revoked for Fraud and Misrepresentation

The Michigan Department of Insurance and Financial Services (DIFS) has revoked the insurance license of Jivara Shaboo due to fraud and misrepresentation. This action follows a stipulation where the respondent admitted to obtaining a license through fraudulent means and engaging in dishonest practices.

Prime Mortgage Funding License Revoked

The Michigan Department of Insurance and Financial Services (DIFS) has revoked the mortgage broker license of Prime Mortgage Funding, Inc. The revocation is retroactive to December 31, 2024, following allegations of providing false asset documentation to lenders. This action resolves Enforcement Case No. 25-18668.

Michigan DIFS 2026 Regulatory Bulletins and Guidance

The Michigan Department of Insurance and Financial Services (DIFS) has published its 2026 bulletins and guidance. These updates cover various areas including insurance, consumer finance, and the use of artificial intelligence by financial service providers. The bulletins supersede previous versions and provide updated information on fees, coverage, and regulatory requirements.

Michigan DIFS 2025 Regulatory Bulletins

The Michigan Department of Insurance and Financial Services (DIFS) has published its list of 2025 regulatory bulletins. These bulletins cover various insurance and financial services topics, including adjustments to maximum charges, escrow amounts, benefit limits, and filing requirements. Some bulletins supersede previous versions from 2024 or earlier in 2025.

Michigan DIFS 2024 Bulletins List

The Michigan Department of Insurance and Financial Services has published its list of 2024 bulletins. These bulletins cover various regulatory and interpretive statements for financial institutions and insurers operating in Michigan, including updates on fees, policy requirements, and the use of artificial intelligence.

Michigan DIFS 2023 Bulletins on Insurance and Financial Regulations

The Michigan Department of Insurance and Financial Services (DIFS) has issued its 2023 bulletins covering various insurance and financial regulations. These bulletins provide updates and guidance on topics such as fee schedules, benefit adjustments, and registration processes for regulated entities.