OAL Approves Department of Financial Protection and Innovation’s New Regulation Under the Corporate Securities Law of 1968

By Devyn Arlasky On May 1, 2024, the Office of Administrative Law (OAL) approved the Department of Financial Protection and Innovation’s (DFPI) regulatory action under the Corporate Securities Law of 1968, PRO 07/21. The approved regulation adopts section 260.236.2 of Continue reading

Department of Financial Protection and Innovation Seeks Public Input on Draft Regulations Impacting Escrow Companies

By Alexandra Loyo On November 4, 2021, the Department of Financial Protection and Innovation (DFPI) noticed and held a public hearing for comments on modifications to the proposed rulemaking PRO 13/13, which would amend sections 1711.1 through 1741.7, Title 10 Continue reading

OAL Approves Department of Financial Protection and Innovation’s Public Banking Regulations to Become Effective January 1, 2022

By Summer M. Bosse On September 14, 2021, the Office of Administrative Law (OAL) approved regulatory action PRO 1/20 from the Department of Financial Protection and Innovation (DFPI), which amends and adopts various sections in Subchapter 1 in Title 10, Continue reading

OAL Approves DFPI’s Regulatory Package Related to Use of the Nationwide Multistate Licensing System & Registry (NMLS) and Property Assessed Clean Energy (PACE) Program Administrators

By Summer M. Bosse On August 5, 2021, the Office of Administrative Law (OAL) approved regulatory action PRO 02/17 from the Department of Financial Protection and Innovation (DFPI), which amends various sections in Subchapter 6 of Title 10, Chapter 3 Continue reading

Department of Financial Protection and Innovation Opens Comments for Debt Collection Licensing Act Second Proposed Rulemaking

By Alexandra Loyo On August 19, 2021, the Department of Financial Protection and Innovation (DFPI) published notice of the invitation to comment on a second rulemaking under SB 908 (Wieckowski) (Chapter 163, Statutes of 2020), otherwise known as the Debt Continue reading

Department of Business Oversight Proposes New Regulations to Implement the California Money Transmission Act Regarding the Agent Of Payee Exemption

By James D. Colleran On March 6, 2020, the Department of Business Oversight (DBO) published notice of its intent to adopt sections 80.126.10, 80.126.20, 80.126.30, 80.128, 80.128.10, and 80.130 of Title 10 of the California Code of Regulations (CCR) to Continue reading