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
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Recent News
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North Dakota Department of Financial Institutions issues cease and desist order to BHG Financial LLC for unlicensed activities in state
Monday, April 7, 2025 at 02:30 pm
Categories: Prohibition OrdersBISMARCK, N.D. – The North Dakota Department of Financial Institutions (DFI) has issued a cease and desist order against Bankers Healthcare Group LLC doing business as BHG Financial LLC (BHG) for conducting unlicensed activities in the state, engaging in deceptive practices in interactions with customers, and other activity contrary to North Dakota Century Code chapter 13-04.1. DFI also has imposed civil money penalties against the company and denied its money broker license application.
A copy of the order can be found here.
North Dakota Department of Financial Institutions Reaches Final Agreement with Sigue Corp. for Failing to Fulfill Obligations to Customers
Thursday, March 27, 2025 at 01:00 am
Categories: OrderBISMARCK, N.D. – The North Dakota Department of Financial Institutions (DFI) has reached a final agreement with money transmitter Sigue Corp. for failing to fulfill its obligations to customers during its collapse last year.
A copy of the order can be found here.
Jan Murtha appointed deputy of non-depositories at North Dakota Department of Financial Institutions
Monday, February 3, 2025
Categories: NewsJan Murtha appointed deputy of non-depositories at North Dakota Department of Financial Institutions
BISMARCK, N.D. – The North Dakota Department of Financial Institutions (DFI) is pleased to announce the appointment of Jan Murtha as the deputy of non-depositories, effective today, Feb. 3.
ND Department of Financial Institutions Joins $80 Million Enforcement Action Against Block Inc. Cash App for BSA/AML Violations
Thursday, January 16, 2025
Categories: OrderBISMARCK, N.D. – The North Dakota Department of Financial Institutions and 48 state financial regulatory agencies have taken coordinated action against Block Inc. for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use. A copy of the order can be found here: Order
Commissioner Kruse Appointed to Financial Stability Oversight Council
Thursday, January 9, 2025 at 08:17 am
Categories: NewsState bank supervisors have appointed North Dakota Department of Financial Institutions Commissioner Lise Kruse to serve as the state banking representative on the Financial Stability Oversight Council (FSOC), effective Jan. 1, 2025.
Upcoming Events
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Regular State Banking Board Meeting
Wednesday, May 7, 2025 at 09:30 am - 11:00 am
Categories: State Banking BoardClick here to see the agenda.
Regular State Credit Union Board Meeting
Friday, June 6, 2025 at 09:30 am
Categories: State Credit Union BoardRegular State Banking Board Meeting
Wednesday, July 9, 2025 at 09:30 am - 11:00 am
Categories: State Banking BoardRegular State Banking Board Meeting
Wednesday, September 3, 2025 at 09:30 am - 11:00 am
Categories: State Banking BoardRegular State Credit Union Board Meeting
Friday, September 5, 2025 at 09:30 am
Categories: State Credit Union Board