The law you’re referencing sounds like https://leginfo.legislature.ca.gov/faces/codes_displayText.x... . There’s an interesting set of exclusions that includes:

A bank, bank holding company, or the subsidiary or affiliate of either, or a credit union or other financial institution, licensed under state or federal law.

Not a lawyer so not sure if this applies in this case. I did find the exclusion list interesting (and saddening).