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Illinois Takes Over Bank, First Independence Bank Assumes Operations

The Illinois Department of Financial and Professional Regulation (IDFPR), in cooperation with the FDIC, took control of Metropolitan Capital Bank & Trust on January 30, 2026, due to unsafe and unsound conditions. First Independence Bank of Detroit will assume operations, ensuring customer deposits are protected.

December 2025 Enforcement Report

The Illinois Department of Financial and Professional Regulation (IDFPR) has released its December 2025 enforcement report, detailing five enforcement actions taken during that month. The report covers actions across banking, financial institutions, professional regulation, and real estate sectors.

IDFPR Adds 6 New License Types to CORE Platform

The Illinois Department of Financial and Professional Regulation (IDFPR) announced the addition of six new license types to its CORE platform, completing Phase 3.2 of the system's modernization. This update primarily affects mental health professionals, including social work and counseling professions, as their licenses are gradually integrated into the new system.

Colorado Option Health Plan Research Findings

Brown University research indicates the Colorado Option health plan has led to premium reductions of over $100 for individual market plans, including non-Option plans. The findings suggest public option plans can improve affordability, especially in areas with high healthcare provider and hospital prices.

Colorado Health Programs Receive $339M Federal Funds

The Colorado Division of Insurance will receive $339 million in federal pass-through funding for its health insurance initiatives, bringing the total since 2020 to $1.49 billion. This funding recognizes the success of the Colorado Option and Bipartisan Reinsurance programs in reducing healthcare costs for residents.

Colorado Seeks Feedback on 2025 Sunset Reviews

The Colorado Office of Policy, Research and Regulatory Reform (COPRRR) is seeking public feedback on its 2025 sunset reviews for various state programs and advisory committees. The feedback period is open until May 31, 2025, to inform legislative decisions on whether to continue, modify, or terminate these programs.

Colorado 2025 Sunset Reviews Released

The Colorado Department of Regulatory Agencies (DORA) has released its 2025 sunset review reports for various state programs. These reviews, conducted by the Office of Policy, Research and Regulatory Reform (COPRRR), recommend the continuation of regulation for numerous professions and businesses, aiming to balance consumer protection with reduced regulatory burdens.

Colorado Funeral Home Licenses Relinquished

Davis Mortuary and Davis Crematory have permanently relinquished their Colorado funeral home and crematory licenses, effective October 17, 2025. This action has the same effect as a revocation, and the entities are barred from future licensure in Colorado.

Edward Jones Consent Order - Retail Minimum Commissions

The Massachusetts Securities Division has entered into a consent order with Edward Jones & Co., L.P. regarding unreasonable commissions charged on certain small principal equity transactions. Edward Jones will pay $11,287,504 nationwide for overcharging on approximately 781,240 transactions over a five-year period.

Massachusetts Securities Division Charges Nantasket Trading and David Markiewicz with Fraud

The Massachusetts Securities Division has filed an administrative complaint against Nantasket Trading, LLC, and David Markiewicz for alleged violations of the Massachusetts Uniform Securities Act. The respondents are accused of misrepresenting the purpose and use of investor funds and diverting them for personal use.