Chicago Financial License LawyersChicago Attorneys Helping Clients Obtain and Defend Professional Licenses
The Zimmerman Law Offices, P.C. has substantial experience with the Illinois Department of Financial and Professional Regulation (IDFPR) and can assist you, whether you are trying to gain banking or financial licensure or are in need of representation to defend your banking or financial license.
The IDFPR Division of Financial Institutions has the authority to regulate, license, examine and investigate currency exchanges, credit unions, consumer finance companies, title insurance companies and money transmitters. The Division of Financial Institutions provides licenses to non-bank financial institutions that provide consumer loans, finance retail purchases, rent safe deposit boxes, exchange foreign currency, issue negotiable instruments, and provide financial planning and management services. The Division of Financial Institutions certifies, registers and regulates title insurance companies and their registered title agents that guarantee or insure titles to real estate in the state of Illinois. The Division of Financial Institutions is also responsible for regulating and supervising all Illinois state-chartered credit unions according to the Illinois Credit Union Act, and it has authority to license and regulate currency exchanges. Strong Background in Banking and Financial Institutions Since 1996, lawyers at the Zimmerman Law Offices, P.C. have represented Illinois professionals in the banking and financial industries. This is a complex area of the law. We have defended licensees in complex investigations, administrative hearings, and state and federal courts. Attorney Thomas Zimmerman will clearly explain the law, helping clients with the complicated license application process and professional licensure defense. Contact Us for Experienced Representation The Zimmerman Law Offices provides experienced representation for clients applying for a license, or seeking defense against charges of ethics violations, fraud or professional misconduct. Contact us by e-mail or call 1-877-440-0020 to schedule a free initial consultation. |
Zimmerman Law Offices, P.C.
77 West Washington St
Suite 1220
Chicago, IL 60602
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Phone: 312-440-0020
Fax: 312-440-4180
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Credit Report Contained Erroneous “Past Due” Account Listing — A bank erroneously reported to the credit reporting agencies that a woman’s account was past due. The woman’s credit score dropped as a result of the erroneous listing. The woman made numerous requests to the bank to correct the error but to no avail, so the woman sued the bank for violating the Fair Credit Reporting Act (FCRA). We successfully negotiated a settlement whereby the bank reduced the interest rate on her loan from 7.25% to 5.25%, removed the erroneous past due listing from her credit report, and notified the credit reporting agencies that there should be no negative effect on her credit from this loan.
