Department of Financial Institutions


DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

Alex Ignatowski -

Prior to serving as the Assistant Deputy Secretary at the Department of Financial Institutions, Alex worked for the Department of Health Services as the Legislative Advisor. He previously worked in the Office of Governor Scott Walker as the Director of Operations and Assistant to the Chief of Staff. Alex received his degree in Political Science from the University of Wisconsin-Milwaukee and spent a semester studying at the University of Kent in the United Kingdom.

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

Lon Roberts -

Lon E. Roberts retired in December 2015 after more than 40 years of service to the Ruder Ware law firm in Wausau, Wisconsin, where he served as President for 11 years and concentrated his practice in business and commercial law, primarily in the areas of corporate mergers and acquisitions, finance, lending, and private equity capital transactions.

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

Jay Risch -

Jay Risch was born and raised in Oconomowoc, Wisconsin, and is a graduate of Oconomowoc High School. He earned a Bachelor's degree from the University of Wisconsin-Madison. He was a policy advisor to Governor Scott McCallum, and served on the staffs of State Senators Cathy Stepp and Alberta Darling. Risch was the Director of Government Relations for the Wisconsin Bankers Association from 2010 until February 2015, when he was named Deputy Secretary at the Wisconsin Department of Safety and Professional Services.

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.

DFI’s work pays dividends for Wisconsin businesses and consumers

By -

One of the most important responsibilities of the Department of Financial Institutions (DFI) is working with our financial institutions as they continue to shake off the effects of the recession.

Since being appointed DFI Secretary by Governor Scott Walker in January 2011, I have seen many of our state-chartered financial institutions turn the corner on the challenges that resulted from the economic crisis that began in 2007. Earnings are up, in some cases to record levels. Capital levels are near all-time highs. Loan quality has improved markedly. By most metrics, banks and credit unions are back to pre-recession levels. The fact that our financial institutions are strong – and getting stronger – is a good sign for the Wisconsin economy.

DFI Mission

The Department of Financial Institutions is dedicated to protecting Wisconsin citizens through financial regulation and education. We are committed to ensuring the safety and soundness of Wisconsin financial institutions, protecting the investing public, and enhancing the viability and accessibility of the state's business record-keeping system.

Agency Responsibility

The Department of Financial Institutions (DFI) regulates state-chartered banks, savings and loan associations, savings banks and credit unions, as well as various operations of the securities industry. It examines and files charters and other documents of businesses and organizations and registers and regulates the mortgage banking industry and other financial service providers. It oversees Uniform Commercial Code filings, administers the Wisconsin Consumer Act and registers merchants who extend credit. The department is self-supporting through program revenue derived from fees and assessments paid by regulated entities and individuals.