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Description: The BankOn California program was created in 2008 to help consumers access basic financial services while avoiding costly alternative financial products by creating low-fee bank accounts, in addition to creating partnerships with community-based organizations to overcome the lack of trust in the banking system. The program was launched by the Governor’s Office with the help of financial institutions, city mayors, federal bank regulatory agencies, and community-based organizations. At its inception, the statewide program was a collaborative voluntary initiative to help develop and market low-fee bank accounts and educate Californians about the benefits of bank accounts.
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Subject: Finance
Group: Department of Finance
Creator: California. Department of Financial Protection and Innovation
Language: English
Format: Websites
Collector: California State Library
Description: The Department serves Californians by effectively overseeing financial service providers; enforcing laws and regulations; promoting innovation and fair and honest business practices; enhancing consumer awareness; and protecting consumers by preventing potential marketplace risks, fraud, and abuse.
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Subject: California. Department of Financial Protection and Innovation
Group: Business, Consumer Services and Housing Agency
Creator: California. Department of Financial Protection and Innovation
Language: English
Coverage: California
Format: Websites
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