On January 9, the California Department of Financial Protection and Innovation (DFPI) issued an order against a consumer financing platform that enables merchants to offer installment contracts to their customers. The...more
1/29/2024
/ Banking Sector ,
California ,
California Consumer Financial Protection Law (CCFPL) ,
Consumer Financial Products ,
Department of Financial Protection and Innovation (DFPI) ,
Disclosure ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Hidden Fees ,
New Regulations
Federal Reserve Seeks Comments on Guidelines for Fintechs Receiving Fed Accounts and Services -
The Federal Reserve System (the Fed) issued a request for comment on new guidelines for the Fed’s Regional Banks to use when...more
Weekly Fintech Focus -
• The California DFPI issued new opinions on the scope of its money transmission laws, including the agent of the payee exemption, addressing virtual currency transactions, and pay-in/pay-out...more
3/11/2021
/ Banking Sector ,
Big Data ,
Big Tech ,
Department of Financial Protection and Innovation (DFPI) ,
eSports ,
Exemptions ,
Fair Credit Reporting Act (FCRA) ,
Federal Reserve ,
Financial Services Industry ,
FinTech ,
Online Gaming ,
Virtual Currency
California DFPI Enters MOUs with Multiple Earned Wage Access Companies-
California’s Department of Financial Protection and Innovation (DFPI) has continued to expand its jurisdiction over financial service providers under...more
2/19/2021
/ California Consumer Financial Protection Law (CCFPL) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumers ,
Department of Financial Protection and Innovation (DFPI) ,
Financial Services Industry ,
FinTech ,
Homeowners ,
Memorandum of Understanding ,
Regulatory Oversight ,
State and Local Government ,
State Regulators
California DFPI Begins Operating and Focuses on New Industries January 2021 brings with it a newly named and newly empowered California consumer financial protection agency. Effective January 1, the California Department of...more