Arizona Department of Financial Institutions
The Arizona Department of Financial Institutions (AZDFI), formerly known as the Arizona State Banking Department, was originally codified in 1922 and enacted into law in 1973.
AZDFI is statutorily charged with the licensing, supervision and regulation of state-chartered financial institutions and enterprises ensuring the safety and soundness of the financial services industry in Arizona. The Department also investigates complaints that are filed by consumers against licensed entities and directs appropriate remedial action if the violations are substantiated.
Agency Five-Year Strategic Plan
FY2020 Budget Request
Regulatory Bill of Rights
- To license, examine, and supervise Financial Institutions, in compliance with State law, to ensure safety for the Arizona consumer and soundness for the Arizona business.
- Advance a nationally recognized, strong and vibrant financial marketplace benefiting Arizona citizens and businesses.
- To conduct a professional, efficient and effective examination program, meeting statutory requirements and ensuring licensees operate in a safe and sound manner and comply with all applicable laws.
- To create new strategies to keep pace with the changing financial services industry.
- A thorough investigation of the applicants for all permits and licenses issued by the Department at the speed of business.
- An ongoing program of examination of licensees to determine the safety and soundness of their operations and to identify those licensees with serious financial or operational problems.
- Ensuring that management of the licensees initiate timely and effective corrective action by complying with Arizona statutes and rules.