Tag Archives: lending

Department of Financial Protection and Innovation Takes Enforcement Action Against Crypto Lending Platform

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By Aparajita Pathak On January 14, 2026, the California Department of Financial Protection and Innovation (DPFI) fined Nexo Capital, a crypto lending platform, $500,000 in penalties for lending to California residents without a valid license. DFPI’s actions demonstrate an effort Continue reading →

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

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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 →