Secure Online Fax for California Financial Institutions
California's banks, credit unions, and lenders move loan applications, wire authorizations, and account paperwork by fax every day, from large institutions like Wells Fargo and Bank of the West down to community banks and mortgage shops. The Department of Financial Protection and Innovation and federal examiners expect document transmission to be secure and auditable, and a faxed record fits that expectation cleanly.
Regulations & Compliance
The California Department of Financial Protection and Innovation enforces both state and federal consumer-financial-protection law for institutions operating in the state. California's Financial Information Privacy Act goes further than the federal Gramm-Leach-Bliley standard by requiring an affirmative opt-in before a firm shares a customer's nonpublic personal information. A fax workflow that encrypts transmission and storage and keeps a full audit log gives examiners the trail they look for during a DFPI, OCC, or FDIC review.
Key Institutions
- • California Department of Financial Protection and Innovation (DFPI)
- • California Bankers Association
- • California Credit Union League
- • California Mortgage Association