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

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.

Notice of Final Rulemaking

The Department of Banking and Finance adopted Final Rules on July 7, 2021. The Rules were filed with the Secretary of State on July 7, 2021 and, pursuant to O.C.G.A. § 50-13-6, will be effective on July 27, 2021, which is twenty (20) days following the filing of the Rules.

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