Many states have legislation creating the office of Superintendent of Banking, which is empowered to regulate banking within the state. There may be ethical requirements which disallow any conflict of interest of the Superintendent with the businesses regulated by their position.
The Superintendent of Banking is charged with regulating the safety and soundness of state financial institutions for which it serves as primary regulator, in order to assure public confidence in these institutions. The office deals with such issues as consumer complaints and enforcement of state usury laws, among others. Some of the entities regulated may include Our agency oversees the regulation and licensure of State chartered banks, trust companies, ATMs not owned by financial institutions, check printers, pawnbrokers, savings banks and savings and loan associations, mortgage bankers and brokers, real estate brokers and salespersons, appraisers, auctioneers, home inspectors, leasing agents, and time share companies.
