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Ed Poppino Realtor
CornerStone Real Estate
(805) 680-9996
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The Department of Financial Institutions (DFI) oversees the secure operation of California’s state-chartered financial institutions. DFI ensures public confidence in financial institutions by protecting the interests of depositors, borrowers, shareholders and consumers through enforcement of state laws. DFI is responsible for administering state laws regulating: banks, credit unions, industrial banks, trust companies, offices of foreign banks, money transmitters, issuers of travelers checks and payment instruments/money orders, 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. In addition to posting information about the Department and its licensees, the DFI Web site features consumer tips on a variety of financial topics and consumer brochures in seven languages.
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