California Department of Financial Institutions explained

Agency Name:Department of Financial Institutions
Type:department
Superseding:Department of Business Oversight
Jurisdiction:California
Headquarters:San Francisco, California
Chief1 Position:Commissioner of Business Oversight
Parent Agency:Business, Transportation and Housing Agency

The California Department of Financial Institutions (DFI) was a government department of the California Business, Transportation and Housing Agency responsible for financial regulation of California's banking system.[1]

Pursuant to the Governor's Reorganization Plan No. 2 of 2012, the Department of Financial Institutions and Department of Corporations became divisions of the California Department of Business Oversight (DBO) on July 1, 2013.

Notes and References

  1. News: State launches inquiry into bank's actions in Durkee fraud case. John. Hoeffel. E. Scott. Reckard. Los Angeles Times. 22 September 2011. 16 November 2012.