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The California Department of Financial Protection and Innovation (DFPI) aspires to be a "premier financial regulator and national model for consumer protection.” Integral to its strategy is the Office of Financial Technology and Innovation (OFTI). The OFTI is designed to serve as a resource for FinTechs, innovators, licensees, consumers, and others who seek meaningful interaction with the DFPI, whether it be related to new products, emerging risks, or other relevant topics.
The DFPI’s approach is likely to influence how other state and federal regulators approach the marketplace. Our discussion with OFTI aims to help the financial services and payments sectors, in California and nationwide, understand the OFTI’s purpose, authority, and resources available to industry. It will also give you the opportunity to provide feedback about how the OFTI can help facilitate responsible innovation for Californians.
We’d like you to be a part of the conversation. When registering for this event, guests will have the opportunity to submit questions anonymously, which our moderator will pose on your behalf, and offer your suggestions for how the OFTI can help facilitate responsible innovation in California.
Counsel, Banking and Financial Services
Davis Wright Tremaine
Head of the Office of Financial Technology and Innovation
Department of Financial Protection and Innovation
Contact McKenzie Conte with questions.
Related Resources from DWT's DFPI Taskforce:
A Look at the California DFPI's Debt Collection Oversight Measures Thus Far
How Well Do You Know California’s Newest Financial Regulator?
We invite you to take our quiz and see how well you know the impact that the DFPI is likely to have on the financial services industry.
A Summary of California’s Revamped Consumer Financial Protection Penalties.
CCFPL’s enhancements of California's oversight capabilities have raised significant questions about the consequences of non-compliance with California's consumer protection regulations. This article outlines the penalties DFPI may enforce in civil or administrative actions pursuant to new Cal. Fin. Code § 90012(c).
Out With the Old, In With the New: California Revamps Its Department of Business Oversight.
This chart provides an overview of similarities and differences between California's DBO and the new DFPI.
Calfornia’s New State "Mini-CFPB" Is Not Very "Mini," but Very "CFPB".
The first in a series exploring California’s new law discusses its purpose and funding structure.