DFPI Monthly Bulletin – January 2023

Some Escrow Reports Due Jan. 13 Escrow agents are required to submit to the Commissioner an annual report prepared by an independent certified public accountant or an independent public accountant (Financial… Read More >

DFPI Monthly Bulletin – December 2022

New State Laws That May Affect DFPI Licensees Highlights of 2022 Chaptered Legislation, a compendium of new state laws that may affect or be of interest to DFPI licensees, is now… Read More >

Important Legal Update from CMA

The California Court of Appeals recently published an opinion holding prohibiting charging default interest on the entire unpaid principal balance following a monthly payment default. As you all know, default interest is… Read More >

DFPI Monthly Bulletin – November 2022

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 >

DFPI Monthly Bulletin – October 2022

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 Monthly Bulletin – September 2022

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 >

DFPI Monthly Bulletin – August 2022

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 >

DFPI Monthly Bulletin – July 2022

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 >