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California’s DFPI Begins to Use its New Powers and Hire New Staff

by Laszlo Ladi, Jr. |

We previously posted about California’s new Department of Financial Protection and Innovation (“DFPI”) (formerly Department of Business Oversight) and some of its new powers to regulate debt collectors and other financial institutions under the Debt Collection Licensing Act and California Consumer Financial Protection Law (“CFPL”) (also known as the mini-CFPB). Both laws took effect on January 1, 2021. While the… Read More

California’s New DFPI Provides Additional Details About Upcoming Rulemaking During CCFPL and DCLA “Listening Session”

by Laszlo Ladi, Jr. |

During a telephone conference call on December 8 labeled as a “listening session,” California’s newly renamed DFPI (formerly DBO) provided additional details about its upcoming plans for rulemaking related to the California Consumer Financial Protection Law (AB 1864, aka the mini-CFPB) and related to the Debt Collectors License Act (SB 908). Similar to what was discussed during the first such… Read More