The North Dakota Department of Financial Institutions is responsible for chartering, regulating, and examining North Dakota state-chartered banks, credit unions, and trust companies. The Department also licenses and regulates Money Brokers, Mortgage Loan Originators, Mortgage Loan Servicers, Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters conducting business in North Dakota. Please be aware the Department does not regulate all institutions doing business in North Dakota. Specifically, we do not regulate federally-chartered banks or credit unions.
Collection Agencies / Debt-Settlement Service Providers / Deferred Presentment (Payday) Service Providers / Money Brokers / Money Transmitters / Mortgage Loan Originators / Mortgage Loan Servicers
Banks, Credit Unions, and Trust Companies can access the online portal to pay assessments, submit applications, and submit correspondence
Recent News
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Categories: News
BISMARCK, N.D. – North Dakota Department of Financial Institutions (NDDFI) Commissioner Lise Kruse has issued orders suspending Monica Trevino Trousdale and Brianna Ricks from employment or otherwise participating in the affairs of any bank, credit union, financial institution, or any other entity licensed by NDDFI.
Categories: News
BISMARCK, N.D. – The North Dakota Department of Financial Institutions (NDDFI) and 33 other state financial regulatory agencies have reached a $2.5 million settlement with Coinme Inc. (NMLS ID 1185542), a Seattle-based cryptocurrency money transmitter and kiosk operator, for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
Categories: Order
The Commissioner of the Department of Financial Institutions has issued an Order suspending Monica Trevino Trousdale from employment or otherwise participating in the affairs of any financial corporation, financial institution, credit union, or other entity licensed by the North Dakota Department of Financial Institutions.
Categories: Order
The Commissioner of the Department of Financial Institutions has issued an Order suspending Brianna Ricks from employment or otherwise participating in the affairs of any financial corporation, financial institution, credit union, or other entity licensed by the North Dakota Department of Financial Institutions.
Categories: News
Company wrongly charged customers for force-placed insurance
Washington, D.C. – North Dakota Department of Financial Institutions (NDDFI) and 48 state financial agencies in 47 other states have reached a $15.5 million settlement with one of the nation’s largest mortgage servicers for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies.