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

Department of Financial Protection and Innovation to License Debt Collectors and Buyers

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

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