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
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
By Summer M. Bosse On July 22, 2021, the Department of Financial Protection and Innovation (DFPI) released its Annual Report of Payday Lending Activity Under the California Deferred Deposit Transaction Law to the public. This report is required through the Continue reading
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
By Stephanie Mendivil SB 908 (Wieckowski), as amended August 24, 2020, amends sections 1788.11 and 1788.52 of the Civil Code, and adds Division 25 to the Financial Code, titled “Debt Collection Licensing Act,” relating to debt collectors. Specifically, the bill Continue reading
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
