Georgia Department of Banking and Finance

Welcome to the website of the Georgia Department of Banking and Finance.  The Georgia Department of Banking and Finance consists of two divisions:

The Depository division charters, regulates, and examines Georgia state-chartered banks, credit unions, trust companies, and bank holding companies. 

The Non-depository division licenses and examines residential mortgage brokers and lenders, mortgage loan originators, consumer installment loan companies, money transmitters, sellers of payment instruments, and check cashers. 

Welcome Message from Commissioner Kevin B. Hagler

Latest

Notice of Proposed Rulemaking and Opportunity to Comment

Pursuant to the provisions of the Georgia Administrative Procedure Act, O.C.G.A. § 50-13-1 et seq., and by the authority of O.C.G.A. §§ 7-1-61, 7-1-607, 7-1-690, 7-1-706.1, and other cited statutes, the Department of Banking and Finance hereby gives notice of its intent to adopt new rules.

Final Cease and Desist Order against Ronald Raffield

Atlanta, Georgia – On August 25, 2021, the Georgia Department of Banking and Finance issued an Order to Cease and Desist (“Order”) to Ronald Raffield for engaging in activities in violation of the Georgia Installment Loan Act, O.C.G.A. § 7-3-1 et seq. (“GILA”).  The Order became final on September 16, 2021.

Department Obtains Court Order Against Reparations Bank and Ramzu Yunus

Atlanta, Georgia – On July 22, 2021, the Superior Court of DeKalb County, Georgia, entered an Order Granting Motion for Default Judgment against Reparations Bank and Ramzu Yunus.

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