California DBO is now DFPI, a Mini-CFPB

Posted by:

Governor Newsom Signs Legislation Establishing Nation’s Strongest State Consumer Financial Protection Watchdog


AB 1864 Establishes the Department of Financial Protection and Innovation – modeled directly after the federal agency championed by President Obama and Senator Warren – to Fight Financial Predators and Cultivate Consumer-Serving Innovation 

SB 908 establishes a licensing law to specifically regulate debt collectors

AB 376 creates Student Borrower Bill of Rights

AB 70 cracks down on for-profit colleges that disguise themselves ...

Continue Reading →
0

Online Forms for CFLL, CDDTL Annual Reports Set for Release Jan. 23

Posted by:

Online Forms for CFLL, CDDTL Annual Reports Set for Release Jan. 23

Licensees under the California Finance Lenders Law (CFLL) and California Deferred Deposit Transaction Law (CDDTL) will be able to start working to complete their 2016 annual reports starting Jan. 23, when the online report forms and instructions are scheduled to become available on the DBO website portal.

Both the CFLL Annual Report and the CDDTL Annual Report and Industry Survey must be filed with the DBO no later than Mar. ...

Continue Reading →
0