•March 9, 2016• Illinois Department of Financial and Professional Regulation (IDFPR) Secretary Bryan A. Schneider was recently appointed to the Non-Depository Supervisory Committee of the Conference of State Bank Supervisors (CSBS). The newly created committee will provide oversight of and support for multi-state, non-depository supervisory matters and provide advice on non-depository policy development. Non-depository financial institutions serve as an intermediary between savers and borrowers, but do not accept time deposits. In Illinois, IDFPR Division of Banking oversees the regulation and licensure of non-depository financial institutions, such as mortgage banks, payday loans, pawnbrokers and title loan companies. “With his extensive regulatory … Read More