Division of Banking and Securities Tracy Reno Acting Division Director Program Overview The division regulates state depository and non-depository financial institutions, administers and enforces Alaska's financial services laws, and provides information for consumers, investors, entrepreneurs, and regulated industries. The division has three primary functional areas; licensing, examinations, and enforcement. Division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities. Notice of Public Scoping under Administrative Order 360 The Department of Commerce, Community, and Economic Development, Division of Banking and Securities (DBS), is issuing a Notice of Public Scoping under Administrative Order 360 regarding possible regulatory changes affecting all financial industries regulated by DBS. In response to Administrative Order 360, DBS will solicit written and oral comments from affected industries, community organizations, and the general public. The purpose of this process is to gather ideas, suggestions, and input before staff drafts or proposes any specific regulation amendments or repeals for public review. Public Meetings DBS will hold listening sessions for each regulatory program area via Microsoft Teams on the dates and times listed below. Oral comments may be submitted during these stakeholder engagement meetings by joining through Microsoft Teams or by telephone. There will be no in-person attendance. All stakeholders are encouraged to also submit written comments to ensure their full input is included in the record for consideration. Additional details and a registration link for each meeting of interest is provided in the PDF linked below. Alaska Native Claims Settlement Act – October 15, 2025, 9:00 a.m. AKST Mortgage - October 15, 2025, 10:00 a.m. AKST Securities – October 15, 2025, 11:00 a.m. AKST Uniform Land Sales Practices Act - October 15, 2025, 1:00 p.m. AKST Deferred Deposit Advances - October 15, 2025, 3:00 p.m. AKST Money Services - October 16, 2025, 9:00 a.m. AKST Small Loans - October 16, 2025, 11:00 a.m. AKST Premium Financing - October 16, 2025, 2:00 p.m. AKST Trust Company Act - October 22, 2025, 9:00 a.m. AKST Credit Unions - October 22, 2025, 11:00 a.m. AKST Banks and Financial Institutions - October 22, 2025, 2:00 p.m. AKST Notice of Proposed Changes in Regulations of Proxy Solicitations for ANCSA Corporations. DCCED proposes changes to regulations dealing with the solicitation of proxies for Alaska Native Claims Settlement Act (ANCSA) corporations, clarifying definitions, filing requirements, and repealing obsolete or reorganized provisions. An outline of the proposed changes and draft regulations can be found here or on the Alaska Public Notice System. The proposed regulation changes are currently out for public comment and interested persons are encouraged to read the entire document and provide written comments to the Division through September 8, 2025, at 4:30 pm. DCCED Adopts Changes to Regulations Dealing with Money Transmitter Licenses and the Regulation of Virtual Currency in Alaska. The Department of Commerce, Community, and Economic Development is adopting regulation changes in Title 3, Chapter 13, of the Alaska Administrative Code, effective January 1, 2023, dealing with licensure of the transmission virtual currency activities in Alaska. Please find the amended regulations here. Licensees with a Limited Licensing Agreement (LLA) will have it removed from their record in NMLS and the LLA will become void on January 1, 2023. Regulation Updates Banking regulation changes effective December 27, 2023. Mortgage Lending regulation changes effective February 6, 2020. Deferred Deposit Advance (Payday Lender) regulation changes effective December 21, 2019. Disclaimer: This site is provided as a public service for general informational purposes only; it does not attempt to address specific business transactions or legal disputes. This service is not intended to be legal advice, and should not be construed as a replacement for competent legal counsel.