News

The North Dakota Department of Financial Institutions (NDDFI) announces that the Litchville-Marion High School Money Hounds are the 2026 North Dakota Varsity LifeSmarts Champions. The Money Hounds outperformed seven other teams by tackling real-world consumer and financial questions during the state competition on Feb. 5 at the North Dakota State Capitol.

The Commissioner of the North Dakota Department of Financial Institutions has entered into a Consent Order with BAM Trading Services, Inc. doing business as Binance.US (“Binance”).  Money transmission activity includes receiving money or crypto currency to send to a location within or outside the United States on another person’s behalf. To lawfully engage in the business of money transmission, a license is required under North Dakota Century Code Chapter 13-09.1. 

Under the Consent Order Binance will cease engaging in the business of money transmission in North Dakota and its license will be terminated.

A copy of the order can be found here. 

The North Dakota Department of Financial Institutions is proud to announce that the Litchville-Marion High School LifeSmarts team (known as the “Money Hounds”) has achieved an outstanding second-place finish at the National LifeSmarts Competition held this past weekend in Chicago, Illinois. This remarkable achievement reflects the hard work, dedication, and academic excellence of the students, coaches, and school community. 

BISMARCK, 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. 

BISMARCK, 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

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.

BISMARCK, 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

State 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. 

Washington, D.C.— The North Dakota Department of Financial Institutions and 52 state financial regulatory agencies have taken coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that impacted 5.8 million customers.