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.
- DFI Commissioner Named Chair of National Group
Tuesday, May 21, 2013
Charles Vice, commissioner of the Department of Financial Institutions (DFI), today also became the leader of a national group of U.S. bank regulators, the Conference of State Bank Supervisors (CSBS).
- DFI Informs Seniors How to Avoid Fraud
Monday, May 13, 2013
May is Older Americans Month, and to celebrate, DFI is visiting 9 senior centers in western Kentucky cities. During each visit, seniors will learn to recognize the signs of financial fraud and how to avoid falling victim. DFI also is hosting a booth at the Senior Celebration 2013 event in Elizabethtown on May 16.
- DFI Teaches Frankfort Second-Graders About Saving
Tuesday, April 23, 2013
The Department of Financial Institutions (DFI) is joining the Federal Reserve Bank of St. Louis – Louisville Branch in celebrating Teach Children to Save Day today. Throughout this week DFI is presenting lessons on saving to 221 second graders in Frankfort.
- DFI Provides Resources for Teaching About Money
Wednesday, April 10, 2013
The Kentucky Department of Financial Institutions (DFI) is celebrating April as Financial Literacy Month by expanding its educational outreach opportunities for schools in Kentucky. Governor Steve Beshear has proclaimed April 2013 to be Financial Literacy Month.
- Kentucky Adopts New Test for Mortgage Professionals
Monday, April 01, 2013
The Kentucky Department of Financial Institutions (DFI) is now using the new uniform state test component for mortgage loan originators and processors. DFI is among 25 state regulators to adopt the new test.
- State Orders Profitable Sunrise to Stop Selling Investments in Kentucky
Thursday, March 14, 2013
Today the Kentucky Department of Financial Institutions (DFI) issued an emergency cease and desist order against an international company called Profitable Sunrise and its operators. DFI alleges that the company's investment products and people selling them are not registered in Kentucky, and that the operators committed fraud for omitting or misrepresenting facts on the company’s website.
- Celebrate ‘Kentucky Saves Week’ at the Capitol
Monday, February 25, 2013
The Kentucky Department of Financial Institutions (DFI) will take part in a “Kentucky Saves Week” celebration at the state capitol Tuesday, Feb. 26 at 10 a.m., where student contest winners will receive awards. The general public and the media are invited to attend.
- Butler Leads Nondepository Division at DFI
Friday, February 22, 2013
Sarah Butler has joined the team at the Department of Financial Institutions (DFI) as the director of the Division of Nondepository Institutions.
- Financial Institutions Board Gains New Members
Friday, February 08, 2013
FRANKFORT, Ky. – (Feb. 8, 2013) – Governor Steve Beshear has appointed four new members to the Financial Institutions Board and reappointed another member. The advisory board is made up of 12 representatives from various segments of Kentucky’s financial industry and the public. The board reviews and discusses reports regarding the Department of Financial Institutions (DFI) and the financial services industries in Kentucky.
- Avoid Falling for a Pyramid Scheme
Monday, February 04, 2013
Pyramid and Ponzi schemes can be detected by learning to spot the warning signs. The Department of Financial Institutions offers consumers some tips to protect against falling victim.
- Kentuckiana Man Sentenced to 15 Months in Prison for His Role in a Mortgage Fraud Scheme
Friday, February 01, 2013
A Jeffersonville, Indiana man was sentenced in United States District Court in November, by District Judge Charles R. Simpson III, to 15 months in prison, and ordered to pay $487,111in restitution, after pleading guilty to engaging in a conspiracy, with five indicted co-defendants, to commit bank and wire fraud. In court, Dane Little admitted to intentionally devising a scheme to defraud various banks and mortgage lenders by submitting fraudulent mortgage loan information in the purchase of 19 properties in Louisville, Kentucky and Jeffersonville, Indiana totaling nearly $5 million dollars.