Massachusetts Division of Banks Email Format
Government AdministrationMassachusetts, United States201-500 Employees
Based in Boston, the Massachusetts Division of Banks is a state government regulator dedicated to maintaining a sound, competitive, and accessible financial services environment across the Commonwealth. It oversees state-chartered banks and credit unions and licenses a broad set of non-depository licensees, including mortgage lenders and brokers, mortgage loan originators, consumer finance companies, money service businesses, debt collectors, and loan servicers. The agency relies on on-site examinations conducted by its examiners to assess compliance with laws, rules, and sound practices and to report findings to institution management. Within the government administration landscape, the Division serves as the primary regulator for Massachusetts financial institutions. Its oversight supports public confidence and financial stability by ensuring consistent supervision and licensing of the state's financial services providers.