State Banking

Michigan DIFS Offers Insurance Tips After Severe Weather

The Michigan Department of Insurance and Financial Services (DIFS) has issued guidance to residents following severe weather events. The notice provides tips on filing insurance claims, protecting property, documenting losses, and avoiding fraud.

DIFS Director Anita Fox Selected for NAIC and IAIS Leadership Roles

Michigan DIFS Director Anita Fox has been selected for leadership roles within the National Association of Insurance Commissioners (NAIC) and the International Association of Insurance Supervisors (IAIS) for 2026. These roles aim to ensure Michigan's influence in insurance regulation and public policy development.

Michigan Promotes Open Accounts for Electronic Payments Access

The Michigan Department of Insurance and Financial Services (DIFS) is reminding residents to establish bank accounts as the federal government phases out paper checks for payments like tax refunds. DIFS promotes the Michigan Open Account Coalition (MOAC) to help consumers find low- or no-cost banking options.

DIFS Guidance on AI Use in Financial Services

The Michigan Department of Insurance and Financial Services (DIFS) has issued a bulletin to guide financial services providers on the use of Artificial Intelligence (AI). The guidance aims to ensure AI applications comply with existing laws and regulations, with a focus on consumer protection, fairness, and transparency.

DIFS Warns Michiganders About Fraud During Consumer Protection Week

The Michigan Department of Insurance and Financial Services (DIFS) is reminding Michiganders to protect themselves from fraud during National Consumer Protection Week. The notice provides tips on avoiding common scams and encourages reporting of suspicious activity.

Georgia Department of Banking and Finance Final Rules Adopted

The Georgia Department of Banking and Finance has adopted final rules that will become effective on July 7, 2025. These rules were filed with the Secretary of State on June 18, 2025. The specific content of the rules can be accessed on the Department's website.

Georgia DBF Final Rules Adopted

The Georgia Department of Banking and Finance has adopted final rules, effective October 22, 2025. These rules will govern banking operations within the state. Affected entities should review the new regulations to ensure compliance.

GA DBF Cease and Desist Order to New Millenium Bankers

The Georgia Department of Banking and Finance issued a Cease and Desist order against New Millenium Bankers, Jacques Hayes, and FardMoney Network for unlawfully conducting banking business and using the word 'bank' without authorization. The order requires immediate cessation of these activities within Georgia.

Georgia Proposes New Banking Rules

The Georgia Department of Banking and Finance has proposed new banking rules and is seeking public comment. The comment period closes on September 29, 2025. The proposed rules are available on the Department's website.

Georgia DBF Proposed Banking Regulations

The Georgia Department of Banking and Finance has issued a notice of proposed rulemaking, inviting public comment on new banking regulations. The comment period is open from May 15, 2025, to June 16, 2025.