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Idaho DOF Order Against The Ohio Company for Unregistered Securities

The Idaho Department of Finance issued an order against The Ohio Company for selling unregistered securities and operating without proper broker-dealer registration. The company agreed to pay a $5,000 fine and offer rescission to affected Idaho residents.

Idaho Fines First Union Brokerage for Unregistered Securities Sales

The Idaho Department of Finance has fined First Union Brokerage Services, Inc. $5,000 for selling securities in Idaho without being properly registered as a broker-dealer or having licensed agents. The company has agreed to make offers of rescission to affected Idaho residents.

Orb Industries and Charles Hight Investigated for Securities Violations

The Idaho Department of Finance has issued an Agreement and Order against Orb Industries, Inc. and Charles C. Hight for violations of the Idaho Securities Act. The respondents were fined $2,500 for inadequate disclosure in their securities offering.

Idaho DOF Order Against Lindgren and McFarland for Securities Violations

The Idaho Department of Finance issued an Agreement and Order against Gary M. Lindgren and Michael B. McFarland for violations of the Idaho Securities Act. The respondents sold unregistered securities and operated as unlicensed broker-dealers, leading to an agreement for rescission offers to investors.

Union Financial Corporation - Mortgage Enforcement Order

The Idaho Department of Finance has issued an Agreement and Order against Union Financial Corporation for violations of the Idaho Residential Mortgage Practices Act. The company conducted mortgage banking activities without the required license, leading to a Cease and Desist Order and an agreement to comply with future regulations.

Louisiana OFI Sets Loan Principal Balance Limits for 2025-2026

The Louisiana Office of Financial Institutions (OFI) has published the maximum outstanding principal balance limits for deferred presentment transactions and small loans for the 2025-2026 period. These limits, set at $720.00 for deferred presentment and $360.00 for small loans, are effective from September 1, 2025, to August 31, 2026.

Louisiana Small Loan Law Effective Date

The Louisiana Office of Financial Institutions (OFI) has announced new legislation concerning deferred presentment transactions and small loans, which will become effective on August 1, 2025. This legislation introduces updated regulations for entities operating within these financial sectors in Louisiana.

Jerry Pearson Pleads Guilty to $3.4M Wire Fraud Scheme

Jerry O. Pearson pleaded guilty to a $3.4 million wire fraud scheme involving client funds managed through Mid South Retirement Services, LLC. The investigation was conducted by the FBI and the Louisiana Office of Financial Institutions Securities Division.

Jerry Pearson Sentenced for Wire Fraud and Stealing Client Money

Jerry O. Pearson was sentenced to 63 months in prison for wire fraud and stealing $3,431,152.21 from clients of his retirement services company. The Louisiana Office of Financial Institutions assisted in the investigation.

RBC Capital Markets, LLC - Consent Order

The Vermont Department of Financial Regulation has issued a consent order against RBC Capital Markets, LLC. The order addresses violations related to the firm's conduct and requires specific actions and potential penalties.

Arque Advisors, LLC - Consent Order

The Vermont Department of Financial Regulation issued a consent order against Arque Advisors, LLC for alleged violations of securities laws. The order requires Arque Advisors to cease and desist from certain activities and pay a settlement amount.

Insurance Bulletin on Rating Disabled Medicare Supplement Policyholders

The Vermont Department of Financial Regulation has revised Insurance Bulletin #208 concerning the rating of disabled Medicare supplement policyholders when they turn 65. The revision updates statutory references but maintains substantive requirements.

Binance.US Consent Order - Cease Money Transmission in North Dakota

The North Dakota Department of Financial Institutions has entered into a Consent Order with BAM Trading Services, Inc. d/b/a Binance.US. Under the order, Binance.US will cease all money transmission activities in North Dakota and its license will be terminated.

Order Denies Trust Company of the Dakotas Organization Certificate

The North Dakota Department of Financial Institutions has denied the application for an organization certificate for Trust Company of the Dakotas. The company is therefore not authorized to transact business as a trust company in the state.

ND DFI Joins $80M Cash App Enforcement Action

The North Dakota Department of Financial Institutions, along with 48 other state agencies, has joined a multistate settlement with Block Inc. and its Cash App service. Block Inc. will pay an $80 million penalty to resolve violations of Bank Secrecy Act and anti-money laundering laws.

ND DFI Reaches Agreement with Sigue Corp. Over Customer Obligations

The North Dakota Department of Financial Institutions (DFI) has reached a final agreement with money transmitter Sigue Corp. and its owner for failing to fulfill customer obligations and maintain adequate financial standing. The agreement results in the surrender of Sigue's and GroupEx's money transmitter licenses and restricts the owner's future involvement in the industry.

ND DFI Issues Cease and Desist Order to BHG Financial LLC

The North Dakota Department of Financial Institutions (DFI) issued a cease and desist order against BHG Financial LLC for conducting unlicensed money brokering activities and engaging in deceptive practices. The DFI also denied BHG's license application and imposed $7.1 million in civil money penalties.

Missouri Division of Finance Personnel Announcement

The Missouri Division of Finance announced the promotion of Bart Stanley to Deputy Commissioner. Stanley has over 34 years of bank regulatory experience and will continue his Chief Examiner duties until a replacement is named. This notice details the division's oversight responsibilities.

Consumer Alert: Post-Disaster Scams and Fraud

The Missouri Department of Commerce and Insurance (DCI) is reminding consumers to protect themselves from post-disaster scams and fraud. The notice outlines common scams such as contractor fraud, price gouging, forgery, and charity fraud, and advises consumers to maintain loan payments and communicate with lenders.

Missouri DCI: Fraud Prevention for Financial Literacy Month

The Missouri Department of Commerce and Insurance (DCI) issued a notice highlighting fraud prevention measures in recognition of Financial Literacy Month. The notice references increased consumer losses to scams in 2023 and provides advice on safeguarding personal information and identifying fraudulent communications.

State Banking Board Elects New Officers

The Missouri State Banking and Savings and Loan Board has elected Jay B. Knudtson as Chairman and R. Bradley Weaver as Secretary. These new officers will advise the Commissioner of Finance and advocate for the state's banking industry.

Missouri Promotes Financial Security for Financial Literacy Month

The Missouri Department of Commerce and Insurance (DCI) is observing Financial Literacy Month in April to encourage wise money management and financial security. The notice provides tips for emergency preparedness, reviewing insurance, and protecting financial information.

Kansas OSBC Awards Financial Literacy Grants

The Kansas Office of the State Bank Commissioner (OSBC) has announced the awarding of financial literacy grants. This notice also highlights staff promotions within the agency.

Kansas State Bank Commissioner Agency Snapshot Q3 2025

The Kansas Office of the State Bank Commissioner has released its Agency Snapshot for Q3 2025. This notice provides an overview of the agency's activities and initiatives during the third quarter of 2025.

Kansas OSBC Awards $241,550 for Financial Literacy Education

The Kansas Office of the State Bank Commissioner (OSBC) has awarded $241,550 in grant funds to eight organizations for financial literacy education programs. These funds, derived from fines and settlements, aim to enhance money management skills for Kansas consumers of all ages.

Kansas OSBC Promotes Daryl Wetter to Director of Examinations

The Kansas Office of the State Bank Commissioner (OSBC) announced the promotion of Daryl Wetter to Director of Examinations for the Consumer and Mortgage Lending division. Wetter will oversee examination processes for mortgage, consumer credit, and money transmitters.

Kansas OSBC Announces Retirement of Deputy Commissioner Mike Enzbrenner and Promotion of Jim Payne

The Kansas Office of the State Bank Commissioner (OSBC) announced the retirement of Deputy Commissioner Mike Enzbrenner, effective September 30, 2025, after 23 years of service. Jim Payne has been promoted to CML Deputy Commissioner, effective October 1, 2025.

Iowa Banking Superintendent Appointment

Governor Kim Reynolds announced the appointment of James Johnson as the new Superintendent of Banking for the Iowa Division of Insurance and Financial Services, effective January 1, 2024. Johnson will replace Jeff Plagge, who is retiring.

Iowa Banking Guidance on CECL and LLL Calculation

The Iowa Division of Banking has released new guidance for all Iowa-regulated banks regarding Current Expected Credit Losses (CECL) accounting standards and Iowa Code Legal Lending Limit calculations. This guidance aims to clarify compliance requirements for these critical financial areas.

Banking Division Proposes Rule on Corporate Application Fees

The Iowa Division of Banking has proposed a new rule to formally adopt existing corporate application fees for banks. This action follows a public hearing and the finalization of a regulatory analysis. The rule would codify fees for activities like establishing new offices, mergers, and amendments.

Iowa Guidance on Virtual Currency Kiosk Licensing

The Iowa Division of Banking (IDOB) has issued new guidance clarifying licensing requirements for virtual currency kiosks (BTMs) operating in Iowa. This guidance is intended for current and potential operators of these kiosks within the state.

Updated Ransomware Self-Assessment Tool for Nonbanks

The Iowa Division of Banking announced the availability of an updated Nonbank Ransomware Self-Assessment Tool (R-SAT). Developed collaboratively by CSBS and other agencies, this tool helps nonbank companies assess their cybersecurity readiness against ransomware attacks.

Maine Financial Institution Application Fee Increases

The Maine Bureau of Financial Institutions has revised its schedule of application fees for financial institutions. Most significantly, the fee to charter new financial institutions, including nondepository trust companies, merchant banks, and uninsured banks, has been increased to the statutory maximum of $5,000.

Maine Bulletin 76 Amended: Interest on Escrow Accounts Benchmark Rate Changed

The Maine Bureau of Financial Institutions has amended Bulletin 76 to reflect a statutory change in the benchmark interest rate for escrow accounts on owner-occupied residential properties. The new benchmark is the 1-year Treasury Bill secondary market rate, effective for calendar year 2023.

Maine Banks: Corporators Meetings Notice Requirements

The Maine Bureau of Financial Institutions issued Bulletin 84 to clarify notice requirements for corporators meetings for Maine-chartered mutual banks. The bulletin designates newspapers of general circulation in the county of the institution's home office as sufficient for public advertisement of meeting notices.

Maine Guidance on Non-Sufficient Funds (NSF) Fees

The Maine Bureau of Financial Institutions issued guidance on non-sufficient funds (NSF) fees for state-chartered financial institutions. The bulletin clarifies that charging multiple NSF fees under certain circumstances, such as inadequate disclosure or lack of reasonable opportunity to avoid fees, will be treated as an unfair practice. Institutions are encouraged to self-identify and correct violations.

Maine BFI Bulletin 80: FFIEC Cybersecurity Tool Sunset

The Maine Bureau of Financial Institutions issued Bulletin #80, updated June 30, 2025, to notify financial institutions that the FFIEC Cybersecurity Assessment Tool (CAT) will sunset on August 31, 2025. The Bureau continues to expect institutions to assess cybersecurity preparedness using alternative methods and resources.

Maine Extends Reduced Assessment Rates for Financial Institutions

The Maine Bureau of Financial Institutions has extended reduced annual assessment rates for Maine-chartered banks and credit unions. The reduced rates will apply for assessment fees collected for the quarter ending March 31, 2025, and will remain in place until December 31, 2025.

Maine Extends Reduced Assessment Rates for Financial Institutions

The Maine Bureau of Financial Institutions has issued an order extending reduced annual assessment rates for Maine-chartered financial institutions, including banks and credit unions. The reduced rates will continue through the quarter ending December 31, 2026.

Bar Harbor Bank Merger with Woodsville Guaranty Approved

The State of Maine Bureau of Financial Institutions has approved the merger application of Bar Harbor Bank & Trust with Woodsville Guaranty Savings Bank. The approval also covers the merger of their respective bank holding companies, Bar Harbor Bankshares and Guaranty Bancorp, Inc. The transaction is expected to strengthen Bar Harbor Bank's position in the Northern New England market.

Loan Guarantee Program for Government Shutdowns

The State of Maine has launched a Government Shutdown Loan Guarantee Program, established by LD874, for eligible financial institutions. Administered by FAME, the program guarantees repayment of a portion of loans made to federal or state employees affected by government shutdowns, with an initial Guarantee Fund allocation of $250,000.

FAME Loan Guarantee Program for COVID-19 Borrowers

The Maine Bureau of Financial Institutions announced a new FAME Loan Guarantee Program to assist borrowers affected by COVID-19. Maine banks and credit unions can participate in offering consumer loans up to $5,000 and partner with the SBA for business loans.

Maine BFI Guidance on Financial Institutions Assisting Coronavirus-Affected Customers

The Maine Bureau of Financial Institutions issued guidance encouraging financial institutions to assist customers affected by the Coronavirus. The Bureau will provide regulatory assistance and will not criticize prudent efforts to modify loan terms or waive fees for affected customers.

Maine Warns Consumers of CARES Act Payment Scams

The Maine Bureau of Financial Institutions is warning consumers about an anticipated increase in scams related to direct payments under the CARES Act. The notice advises vigilance against requests for personal information and directs consumers to the IRS website for official information.

Maine Warns Consumers of Holiday Financial Scams

Maine's Bureau of Financial Institutions issued a notice warning consumers about potential financial scams during the holiday season. The notice advises vigilance against phishing, gift card scams, and fake charities, urging consumers to monitor accounts and protect personal information.

State Banking Board Meeting Cancellation

The Arkansas State Bank Department has cancelled the Regular Meeting of the State Banking Board previously scheduled for January 15, 2026. The notice was issued on December 8, 2025.

State Banking Board Meeting Cancellation

The Arkansas State Banking Board has cancelled its regular meeting scheduled for October 16, 2025. The notice was issued by Bank Commissioner Susannah T. Marshall on September 22, 2025.

Eagle Bank & Trust Company Branch Closure Extended

The Arkansas Bank Commissioner has extended the closure of Eagle Bank & Trust Company's Rose Bud branch by an additional 60 days, from December 25, 2025. This extension allows for necessary repairs to be completed following damage to the branch.

State Banking Board Meeting Notice - Merger Application

The Arkansas State Bank Department has issued a notice for a special meeting of the State Banking Board on March 19, 2026. The board will consider an application for the merger of Mountain Commerce Bank with Centennial Bank.

Eagle Bank & Trust Company Branch Closure Extended

The Arkansas Bank Commissioner has issued an amendment to a previous order, extending the permitted closure of Eagle Bank & Trust Company's Rose Bud, Arkansas branch. The extension allows for additional time for rebuilding following destruction to the branch.