Student Loan Ombudsperson Begins Work as New Position within the Department of Financial Protection and Innovation

By Alexandra Loyo On December 6, 2021, Celina Damian began working as the Department of Financial Protection and Innovation’s (DFPI) first Student Loan Ombudsperson. According to the Department’s December 2021 monthly bulletin, Ms. Damian previously worked with the Department of Continue reading

Former Department of Business Oversight Files Order to Ban Eco Technology, Inc. from PACE Industry

By Stephanie Mendevil On May 27, 2020, the Department of Business Oversight (now Department of Financial Protection and Innovation) issued a Desist and Refrain Order to ban Eco Technology, Inc. from serving as a solicitor in California’s Property Assessed Clean Continue reading

Legislature Enacts California Consumer Financial Protection Law and Reorganizes and Renames the Department of Business Oversight As the Department of Financial Protection and Innovation  

By Stephanie Mendivil On September 25, 2020, Governor Newsom signed a series of bills to establish a California consumer financial protection watchdog agency, modeled after the federal Consumer Financial Protection Bureau, that is designed to expand the state’s authority and Continue reading

California Department of Insurance Issues a Series of Notices to Insurance Companies Pertaining to Continued Health Care Coverage During the COVID-19 Outbreak

By Brittany Hodgson On March 18, 2020, Insurance Commissioner Ricardo Lara issued a public notice requesting that all insurance companies operating in California provide their insureds with at least a 60-day grace period to pay premiums so that policies are Continue reading

California’s State of Emergency Jeopardizes Proposed Sweeping Changes at the Department of Business Oversight Given Likely Budget Adjustments to Respond to COVID-19 Pandemic

By James D. Colleran On January 10, 2020, the Office of the Governor of California published its 2020–2021 Governor’s Budget Summary, a comprehensive overview of Governor Newsom’s proposed statewide fiscal initiatives for the upcoming year. Among the most momentous undertakings Continue reading