Broker-Dealer/Investment Adviser Renewals Due Dec. 12 A reminder that 2023 registration renewal statements and fees for the Broker Dealer/Investment Adviser (BDIA) program are due by Dec. 12, 2022. All registered firms… Read More >

From the Desk of the CMA’s General Counsel, Robert Finlay: Default interest is a hot button for borrowers, lenders and the courts. Most courts inherently do not like default interest because they… Read More >

DFPI Takes Actions On Crypto Asset Accounts and Businesses On Sept. 27, the DFPI announced that it issued desist and refrain orders against 11 different entities for violations of California securities laws. Each… Read More >

DFPI’s Commissioner Hewlett Unanimously Confirmed by California State Senate The Department of Financial Protection and Innovation’s Commissioner Clothilde V. Hewlett appeared for her Senate Rules Committee confirmation hearing for the position… Read More >

J. Elizabeth Smith Appointed as Deputy Commissioner of Communications Governor Newsom announced on July 27 the appointment of J. Elizabeth Smith as Deputy Commissioner of Communications for the DFPI. She will… Read More >

Student Loan Borrower Campaign Gains 2022-23 Budget Funding The California Legislature has approved $10 million in General Fund money for the DFPI to conduct a student loan borrower outreach campaign as… Read More >

DFPI Seeks Public Comment on Oversight of Crypto Asset-Related Financial Products and Services Governor Gavin Newsom issued Executive Order N-9-22 (Executive Order) on May 4, 2022, to foster responsible innovation, bolster California’s innovation… Read More >

Governor Newsom Signs Blockchain Executive Order Governor Gavin Newsom announced on May 4 an executive order to foster responsible innovation, bolster California’s innovation economy, and protect consumers. It aims to create a transparent regulatory and… Read More >

Adrian Diaz Appointed As Deputy Commissioner for External Affairs Governor Newsom in March announced the appointment of Adrian Diaz as Deputy Commissioner of External Affairs for the Department of Financial Protection and Innovation… Read More >

DFPI Issues Guidance Regarding Russian Sanctions Following the rapidly evolving situation in Ukraine and Russia, DFPI Commissioner Cloey Hewlett issued a guidance to banks, credit unions, money transmitters, and others on March 4… Read More >