The Licensing and regulation of non depository financial services is monitored by
The Georgia Department of Banking and Finance consists of two divisions: Show
The Depository division regulates and examines Georgia state-chartered banks, credit unions, trust companies, and bank holding companies. The Non-depository division licenses and examines residential mortgage brokers and lenders, mortgage loan originators, consumer installment loan companies, money transmitters, sellers of payment instruments, and check cashers. Welcome Message from Commissioner Kevin B. Hagler Depository
Non-DepositoryDBF E-Verify ID#Federally-Issued User ID #: 142186 Stay ConnectedSign up to get the latest news and updates sent directly to your inbox. Consumer ResourcesIndex of Financial Topics and Financial Literacy Resources. Mission Statement About UsThe Office of the Commissioner of Financial Regulation (“Office” or “OCFR”), established in 1910, is Maryland's consumer financial protection agency and financial services regulator. The Office is responsible for chartering and supervising Maryland state-chartered banks, credit unions and trust companies; licensing and supervising state-licensed financial institutions including mortgage lenders, mortgage brokers, mortgage servicers, mortgage loan originators, affiliated insurance producer-originators, check cashers, money transmitters, consumer debt collection agencies, consumer lenders, installment lenders, sales finance businesses, credit services businesses, debt management companies; and registering and supervising credit reporting agencies and debt settlement companies, to ensure compliance with the laws and regulations of Maryland. The Office provides assistance to consumers by investigating complaints of questionable business practices involving state-chartered, licensed, and registered financial institutions under its supervision and authority. The Office also conducts outreach to consumers, industry, government, and nonprofit partners about issue areas within the jurisdiction of the Commissioner. See Regulated Industries and Activities for more information about the financial services providers and activities supervised by the Commissioner of Financial Regulation. Interested in employment opportunities with our Office? See our open positions here. Office StructureSee the Senior Management Organizational Chart for current OCFR senior management. Commissioner of Financial RegulationAntonio P. “Tony” Salazar has served as Maryland’s Commissioner of Financial Regulation since July 5, 2017. Commissioner Salazar has over 35 years of experience in banking law, commercial financing transactions, loan restructurings and work-outs, real estate, and general business law transactions. Mr. Salazar is responsible for the Office of the Commissioner which is Maryland’s consumer financial protection agency and financial regulator. The Office is responsible for the supervision of all of the state-chartered banks, credit unions, and trust companies and over 18,000 non-depository licensees and registrants, including mortgage lenders, brokers, servicers and originators, money transmitters, check cashers, debt management services providers, debt settlement services providers, consumer lenders, sales finance companies, installment loan companies, credit service businesses, collection agencies, mobile home retailers, and consumer credit reporting agencies. Learn more about Commissioner Salazar Depository SupervisionDepository Corporate Activities Unit Depository Supervision Unit Non-Depository SupervisionLicensing Unit Non-Depository Supervision Unit Enforcement Unit Operations Unit The Unit is also responsible for administering the Maryland Foreclosure Registration System (FRS). For more information about the FRS, see the Residential Property Foreclosures – Industry Resources page. To view aggregated foreclosure data (volume received per week and per month), see the Foreclosure Data Tracker page. In addition to these responsibilities, the Unit provides primary administrative assistance to the State Collection Agency Licensing Board. Policy and Consumer ServicesThe Policy and Consumer Services Unit is responsible for conducting outreach and education, coordinating legislative and regulatory response and investigating consumer inquiries and complaints. Direct outreach is to a variety of audiences including consumers, industry, government partners, and other stakeholders with regard to issue areas impacting the jurisdiction of the Office. Policy support responsibilities include researching policy changes, legislation, and regulations at each of the local, state and federal levels. Consumer financial education responsibilities are geared towards connecting Maryland consumers to effective financial education opportunities, including proactively educating Maryland consumers on the basics of making sound financial decisions, informing Maryland consumers of their rights under State law, and providing Maryland consumers with referral information about local consumer service providers. The Consumer Services Unit investigates consumer inquiries and complaints involving financial services providers in the State of Maryland with a goal of resolving those complaints. Maryland residents may file a complaint simply by writing a letter detailing the nature of their concern or completing a complaint form. (NOTE: a complaint may be mailed, hand-delivered, e-mailed, or sent by facsimile to the Office). AdministrationThe Administration Unit is responsible for providing administrative and support services to the Commissioner and the Office. These services include, but are not limited to, Human Resources, Budget, Procurement, Information Technology, Telecommunications, and space planning. Fintech Innovation ContactThe Commissioner of Financial Regulation has designated an “Innovation Contact” within the Agency to support innovation efforts in the financial services sector and to facilitate communication between the Commissioner’s Office and entrepreneurs and fintech companies. Learn more about the Fintech Innovation Contact State Collection Agency Licensing BoardThe State Collection Agency Licensing Board is responsible for the licensing and supervision of collection agencies operating in Maryland. The Board is comprised of 5 members – the Commissioner serves as chairman, and the Governor, with the consent of the Senate, appoints the other four members, consisting of two consumer representatives and two industry representatives, each to a 4-year term. The Board, with the assistance of OCFR staff, receives and processes licensing applications, monitors and disciplines licensees, investigates written complaints and mediates disputes, and engages in enforcement activity to correct violations of Maryland law. The Board also engages in public outreach efforts to both consumers and licensees about industry trends and abusive debt collection practices. Learn more about the State Collection Agency Licensing Board Student Loan OmbudsmanThe Student Loan Ombudsman (“Ombudsman”) is designated by the Commissioner of Financial Regulation to monitor student loan servicing activity in Maryland. The Ombudsman serves as a liaison between student loan borrowers and student loan servicers. Student loan servicers operating in Maryland are required to: (a) designate an individual to represent the student loan servicer in communications with the Ombudsman, and (b) provide the designee’s name, phone number, and e-mail address to the Ombudsman. The Ombudsman reviews and investigates complaints from student loan borrowers in Maryland. The Ombudsman may refer any matter that is abusive, unfair, deceptive, or fraudulent for civil enforcement or criminal prosecution. Learn more about the Student Loan Ombudsman Reports from OCFRQuiénes somosLa Oficina del Comisionado de Regulación Financiera ("Oficina") es responsable de constituir y supervisar los bancos, cooperativas de crédito y sociedades fiduciarias con privilegios estatales de Maryland; otorgar licencias y supervisa las instituciones financieras autorizadas por el Estado incluyendo a los prestamistas hipotecarios, corredores hipotecarios, proveedores de servicios hipotecarios y originadores de préstamos hipotecarios. Además, incluye productores-originadores de seguros asociados, compañías para cambiar cheques, compañías para enviar dinero, agencias de cobro de deudas de los consumidores, prestamistas, prestamistas a plazos, empresas de financiación de ventas, empresas de servicios de crédito y empresas de gestión de la deuda. Además, registra y supervisa las agencias de informes de crédito y las deudas de las empresas. Estos esfuerzos de la Oficina, son para asegurar el cumplimiento con las leyes y reglamentos del Estado de Maryland. La Oficina presta asistencia a los consumidores mediante la investigación de sus quejas contra las prácticas comerciales cuestionables que afecten a entidades financieras con privilegios estatales, con licencia y registradas bajo su
supervisión y autoridad. La Oficina también ofrece charlas enfocadas en la ejecución de hipotecas y las hipotecas delincuentes en el Estado. Además, la Oficina ayuda a conectar a los consumidores de Maryland con una educación financiera eficaz e disponible a través del Estado y a nivel nacional. Who oversees the Florida Office of financial Regulations?The OFR reports to the Financial Services Commission made up of Governor Ron DeSantis and the members of the Florida Cabinet: Chief Financial Officer Jimmy Patronis, Attorney General Ashley Moody and Agriculture Commissioner Nikki Fried.
Which of the following bureau that is part of the offices of financial regulation?Office of Financial Regulation has three divisions (Financial Institutions, Consumer Finance, and Securities) and one bureau (Financial Investigations) that oversee and regulate a wide-range of financial enterprises and individuals, including state-chartered banks, credit unions, mortgage loan originators, securities ...
Who regulates credit unions in Hawaii?The Division of Financial Institutions (DFI) provides regulatory oversight for the State's financial service providers, which include both bank and nonbank companies.
Who regulates finance companies in Nigeria?Nigerian. Bureau of Public Enterprises (BPE). Federal Ministry Of Finance.. Federal Office of Statistics (Email). National Assembly (Email). National Insurance Commission (NAICOM). National Planning Commission.. Federal Ministry of Commerce.. Federal Ministry of Foreign Affairs.. |