Department of Financial Institutions - Recent Headlines
Below you will find a list of recent press releases. Click on the title to view the full text of the press release.
To view more headlines or archived press releases, use the pale blue navigation options on the left.
- Take Time to Save for Retirement
Monday, October 19, 2009
The Kentucky Department of Financial Institutions (DFI) supports National Save for Retirement Week, Oct. 18-24, 2009, by encouraging Kentucky citizens to start saving now if you haven’t – or to review your account to make the most of your money if you are already saving.
- 10 Traps Could Catch Unwary Investors
Wednesday, October 14, 2009
The Kentucky Department of Financial Institutions (DFI) today issued its annual list of Top 10 Investor Traps.
- Wilson Named Chair of National Mortgage Testing Board
Tuesday, October 13, 2009
Ambrose Wilson IV, deputy commissioner of the Kentucky Department of Financial Institutions (DFI), has been appointed chairman of the national Mortgage Testing and Education Board of the Conference of State Bank Supervisors (CSBS).
- Financial Institutions Board to Hold Annual Meeting
Wednesday, September 23, 2009
The Board of the Kentucky Department of Financial Institutions will meet on Thursday, Sept. 24, 2009, at the Hilton Garden Inn in Bowling Green, Ky., at 1 p.m.
- Ernest Cadick Sentenced to Jail for Contempt
Friday, September 18, 2009
Franklin County Circuit Court Judge Phillip Shepherd today sentenced Ernest Cadick to 180 days in jail for contempt of court. Cadick violated a court order by selling investments without regulator approval.
- Oil and Gas Company Geologist Pleads Guilty to Role in Million Dollar Fraud Conspiracy
Thursday, September 03, 2009
The first member of an alleged scheme to defraud oil and gas investors in Kentucky and other states out of millions of dollars pleaded guilty today to his role in the conspiracy. West Virginia geologist Ray Garton,59, of Barrackville, W.Va. pleaded guilty today to conspiracy to commit mail and wire fraud.
- Judge Finds Young Defrauded Investors
Thursday, August 20, 2009
Franklin Circuit Court Judge Thomas Wingate issued an order finding that Anthony L. Young and Young Oil Corp. committed fraud and violated the Kentucky Securities Act. The case against Young was brought by the Kentucky Department of Financial Institutions (DFI). Young Oil Corp., and its principal and affiliates, sold interests in oil and gas programs.
- Regulator Issues Order Against Taylor, Bean & Whitaker
Tuesday, August 18, 2009
The Kentucky Department of Financial Institutions (DFI) has issued a cease and desist order against Taylor, Bean & Whitaker Mortgage Corp. (TBW). The mortgage company must service current loans, but cannot make new loans.
- Kentucky Financial Institutions Weather Economic Changes
Wednesday, July 08, 2009
The Kentucky Department of Financial Institutions (DFI) today released its 2008 Annual Report. Despite the national economic downturn, state-regulated financial institutions in Kentucky remain strong and able to serve their customers.
- Citizens, Service Providers Urged to Report Elder Abuse
Monday, June 15, 2009
Today is World Elder Abuse Awareness Day, and the Kentucky Attorney General’s Office and the Kentucky Department of Financial Institutions (DFI) are partnering to urge citizens to report possible elder abuse or financial exploitation.
- Kentucky Banks Rank Eighth in Profitability
Wednesday, June 10, 2009
The Kentucky Department of Financial Institutions (DFI) today announced that Kentucky banks are ranked eighth in the nation in terms of return on average assets (ROAA), which is a primary measure of profitability.
- Web Site Offers Investment, Credit Help
Wednesday, May 27, 2009
The Kentucky Department of Financial Institutions (DFI) today unveiled an upgrade to its Web site, www.kfi.ky.gov. The pages have been restructured to improve navigation relating to industry regulation and licensing. In addition, two brand new pages in the Public Resources channel offer investment and credit help for consumers.
|