Department of Banking and Securities

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The Pennsylvania Department of Banking, governed by the Commonwealth of Pennsylvania, offers advice on a variety of consumer financial issues. Established in 1891, the department is responsible to stop various unlicensed activities. It has a staff of more than 170 individuals. In addition, the Pennsylvania Department of Banking offers information on suspected financial scams. The department operates a consumer services division that answers to various types of complaints and inquiries. It provides a range of information materials for public distribution and display. The Pennsylvania Department of Banking licenses and regulates several financial institutions, including credit unions, mortgage lenders, debt management firms and consumer discount companies.