Pennsylvania’s Department of Banking and Securities fosters a strong economy for the commonwealth by ensuring the safety and soundness of state-chartered financial institutions, the compliance with laws that impact financial service entities and the protection of consumers and investors in financial matters. The Department of Banking and Securities works with a wide array of financial services institutions and professionals including banks, credit unions, trust companies, securities agents, broker-dealers, investment advisers, and mortgage lenders and brokers.
Here are some of the ways the Pennsylvania Department of Banking and Securities balances its dedication to financial institution safety and soundness with our concern for Pennsylvania consumers and investors:
We regulate more than 225 state-chartered banks, savings associations, trusts and credit unions to ensure that Pennsylvanians’ hard-earned deposits are safe and available when they need them.
We license and register about 14,000 non-bank lenders, including mortgage brokers and lenders, auto sales finance companies, debt management companies, check cashers, pawnbrokers and money transmitters. We also enforce compliance with state and federal laws for non-bank lenders so that consumer and business borrowers will have confidence in the fairness of their transactions.
We license and register more than 190,000 securities companies and professionals doing business with Pennsylvania residents, including agents, broker-dealers, investment advisors and notice filers, and investment advisor representatives.
We provide free help to anyone with a question, concern or complaint about Pennsylvania financial institutions or products. Pennsylvania consumers can call 1-800-PA-BANKS (800-722-2657; out of state: 717-787-2665). Pennsylvania investors can call 1-800-600-0007 (out of state: 717-787-8061). You can also fill out an online form and one of our trained professionals will respond within 24 hours.
The Pennsylvania Department of Banking and Securities is accredited by the Conference of State Bank Supervisors, the American Association of Residential Mortgage Regulators and the National Association of State Credit Union Supervisors. You can read about more of our memberships and affiliations here.
Our work is funded entirely by the assessments and fees paid by Pennsylvania’s regulated and licensed financial community. No taxpayer dollars are used to support our work.