Three California laws that affect fintech companies will go into effect on January 1, 2021. The California Consumer Financial Protection Law (CCFPL) expands the scope of the Department of Business Oversight’s (DBO) current...more
11/20/2020
/ Banking Sector ,
California Consumer Financial Protection Law (CCFPL) ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Department of Business Oversight ,
Department of Financial Protection and Innovation (DFPI) ,
Depository Institutions ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Popular ,
Private Right of Action ,
Registration Requirement ,
Regulatory Requirements ,
Student Loans
On September 27, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with an online lender, after a joint investigation with the California Department of Business Oversight...more