Public Accountability Report Public Accountability Report

Department of Financial and Professional Regulation
(Appropriated Spending in Thousands)
  FY 2018 FY 2017
Reporting Programs Expenditures Headcount Expenditures Headcount
Financial Examination $ 35,716.7 199.0 $ 41,806.1 228.0
Regulatory Enforcement $ 20,385.0 111.0 $ 18,084.3 125.0
Licensing and Testing $ 17,253.4 94.0 $ 15,969.8 78.0
Totals $ 73,355.1 404.0 $ 75,860.2 431.0

Totals may not add due to rounding.

Agency Narrative
The Illinois Department of Financial and Professional Regulation’s (IDFPR) mission is to utilize responsive, innovative, transparent, and efficient (R.I.T.E.) governance to create an ideal regulatory environment that (1) allows economic growth to flourish and (2) effectively optimizes consumer choice. IDFPR educates and informs consumers about industries and individuals under its jurisdiction and responds to complaints and inquiries regarding licensees. The agency is comprised of the Division of Banks, the Division of Financial Institutions, the Division of Professional Regulation, and the Division of Real Estate. It oversees more than one million professionals in nearly 100 industries. Standards of professional practice and the rights of Illinois residents in their transactions with regulated industries are enforced by IDFPR. Evaluation and Licensing: IDFPR evaluates and acts upon license applications from regulated industries. IDFPR protects consumers by evaluating the safety, soundness, and professional integrity of license applicants. Investigation and Enforcement: IDFPR safeguards the health and welfare of consumers and the public by investigating unauthorized activities as well as consumer complaints and taking enforcement action when warranted. IDFPR also adjudicates complaints relating to violations of professional standards of practice. Regulation and Supervision: IDFPR conducts ongoing regulatory and supervisory examinations of regulated entities to ensure compliance with statutory requirements.