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Department of Financial Institutions
California’s financial institutions are symbols of safety and soundness. Their role in business and industry are important to the economy and to our own personal well-being. Maintaining the integrity of financial services remains our primary mission as the industry continues to grow.
DFI is responsible for administering state laws regulating: banks, credit unions, industrial banks, trust companies, offices of foreign banks, issuers of travelers checks and payment instruments (money orders), money transmitters and premium finance companies. The Department also administers the Local Agency Security Program, which ensures that public deposits in California financial institutions that exceed the federal deposit insurance limit are secured by pledged assets.
Resources
ALERTS, WARNINGS & OTHER IMPORTANT INFORMATION
- State Offices Closed for Furlough Fridays - Beginning July 10, 2009, State government offices will be closed three days a month.
- DFI Issues Warning Notice - First Star Credit Union/First Star Lending Services
DFI PRESS RELEASES
- State Closes Temecula Valley Bank
- Information for Temecula Valley Bank Customers - Q&A Guide from the FDIC
- State Orders Closure and Liquidation of Watts United Credit Union
- State Closes Mirae Bank
- Information for Mirae Bank Customers - Q&A Guide from the FDIC
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CONSUMER RESOURCES
- Redeeming Registered Warrants What You Need to Know - The State Treasurer’s Office is responsible for redeeming registered warrants. Learn which Banks and Credit Unions Will Accept Registered Warrants From Their Customers; Important Information on Buying and Selling Registered Warrants; When Can you Redeem Your Registered Warrant; How Do You Redeem Your Registered Warrant, and more.
- California Foreclosure Prevention Act - The California Foreclosure Prevention Act modifies the foreclosure process to provide additional time for borrowers to work out loan modifications while providing an exemption for mortgage loan servicers that have implemented a comprehensive loan modification program.
- DFI Consumer Brochures now available in English, Spanish, Chinese/Cantonese/Mandarin, Korean, Russian, Tagalog and Vietnamese - Read and learn about: Who regulates my financial institution? How do I file a complaint? Tips for financial transactions and information on sending money to other countries.
- DFI Consumer Outreach Calendar - DFI brings information directly to consumers through outreach efforts such as presentations to community and consumer groups and distributing consumer information at community events.
- 8 Tips for Financial Success - A solid grounding in fiscal responsibility is basic self-defense. Taking the time to learn and practice saving and budgeting, managing credit — controlling our personal finances rather than vice versa — will pay off in the long term. The following tips are reminders of how we can control our finances and improve our financial success. (CCEE, Dept. of Corporations, Dept. of Financial Institutions)
- Bank on California Program - Helping More Californians Open Bank Accounts
LICENSEE RESOURCES
- California Registered Warrants - Interagency Statement/Guidance - The federal financial institution regulatory agencies are jointly issuing the attached supervisory guidance for financial institutions regarding the regulatory capital treatment for registered warrants issued by the State of California as payment for certain obligations.
- DFI 100th Anniversary Web Page - The Department of Financial Institutions is commemorating its 100-year anniversary, July 1, 1909 - July 1, 2009, with a special Web page. You are invited to send us photos, stories, graphics, etc. for our special Web page.
- Countdown to Census Day: April 1, 2010 - Census data are used to distribute Congressional seats to states, to make decisions about what community services to provide, and to distribute $300 billion in federal funds to local, state and tribal governments each year. Become a partner.
2010 Census Materials to help your business, organization, faith-based organization, school, etc. share information on the Census. Learn more! California Complete Count Regional Convenings - Schedule and Locations.