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.
- Guard Against Phishing in Wake of Heartbleed Bug
Tuesday, April 15, 2014
The Department of Financial Institutions (DFI) is warning consumers about possible phishing attempts in the wake of the Heartbleed bug – a critical security vulnerability that has put many systems at risk.
- Owner of Bankrupt Young Oil Company Guilty of Securities Fraud, Other Charges
Tuesday, March 18, 2014
The owner of bankrupt Young Oil Company pleaded guilty today, in United States District Court, to charges in three separate indictments including failure to file an income tax return with the Internal Revenue Service, mail fraud in connection with the solicitation of investor funds for oil drilling partnerships, securities fraud, submitting false statements for the purchase of a firearm, and for the illegal possession of a firearm by a person addicted to controlled substances announced David J. Hale, United States Attorney for the Western District of Kentucky. Anthony L. Young, 54, of Metcalfe County, Kentucky admitted in court that from November 2007 through December 2008, he fraudulently solicited investments through his company, Young Oil Corporation.
- Celebrate Smart Savings During Kentucky Saves Week
Friday, February 21, 2014
During Kentucky Saves Week, the Department of Financial Institutions (DFI) is promoting good consumer savings habits by participating in a celebration on Feb. 25 at the state capitol and hosting workshops for students and adults across the state.
- New Task Force Works to Prevent Financial Cybercrime
Wednesday, February 19, 2014
The Department of Financial Institutions (DFI) has formed a new task force with an objective to prevent, detect and respond to cybercriminal activity. The Financial Cybercrime Task Force of Kentucky intends to serve and protect both the financial services industry and the public.
- State library introduces investment resources for all ages
Wednesday, January 22, 2014
The Kentucky Department for Libraries and Archives (KDLA), in partnership with the Department of Financial Institutions (DFI), received a $4,000 grant from the Investor Protection Trust to create investor education library kits and purchase e-books about investing for the state’s electronic media collection.
- CFPB, State Authorities Order Ocwen to Provide $2 Billion in Relief to Homeowners for Servicing Wrongs
Thursday, December 19, 2013
Authorities have ordered the country’s largest nonbank mortgage loan servicer, Ocwen Financial Corporation, and its subsidiary, Ocwen Loan Servicing to provide $2 billion in relief to homeowners for servicing wrongs.
- Spend Smarter This Holiday Season
Monday, November 25, 2013
The Department of Financial Institutions (DFI) would like to remind consumers to spend wisely this holiday season by shopping smarter, saving money and avoiding fraud.
- Hardinsburg Area Seniors Get Information at Scam Jam
Thursday, November 14, 2013
About 30 senior citizens from six cities in Breckinridge and Grayson counties learned how to recognize and avoid financial fraud at a Senior Scam Jam seminar today.
- Seniors Invited to Free Fraud Prevention Event Nov. 14
Wednesday, November 06, 2013
Seniors citizens from Breckinridge County and the surrounding area are invited to a free workshop Thursday, Nov. 14, in Hardinsburg, to learn how to protect themselves from investment fraud, lending fraud, mail fraud, identity theft and scams that target seniors. Participants who register by calling 800-223-2579 or visiting http://kfi.ky.gov/public/Pages/scam.aspx will be provided lunch, take-home materials and a chance to win door prizes.
- Bardstown Area Seniors Get Information at Scam Jam
Thursday, October 24, 2013
About 80 senior citizens from around Bardstown learned how to recognize and avoid financial fraud at a Senior Scam Jam seminar today.