News & Analysis as of

California Consumer Financial Protection Law (CCFPL) Governor Newsom

Eversheds Sutherland (US) LLP

California and New Jersey setting the pace in nationwide race to write the rules for crypto

The race to establish a national framework for the regulation of digital assets is heating up, with both California and New Jersey taking action this past week. On June 1, 2022, the California Department of Financial...more

Latham & Watkins LLP

California Executive Order Foreshadows Stronger Regulation of Digital Assets

Latham & Watkins LLP on

The Executive Order aims to strengthen consumer protection and cultivate innovation in digital assets and related financial products and services. On May 4, 2022, California Governor Gavin Newsom issued an Executive...more

Allen Matkins

California Governor Orders DFPI To Initiate Enforcement Actions

Allen Matkins on

As was widely noted last week, California Governor Gavin Newsom issued a lengthy executive order with respect to blockchain technology.  According to the Governor's press release, the order aims to "aims to create a...more

Allen Matkins

Governor Appoints New Commissioner - Go Bears!

Allen Matkins on

Yesterday, Governor Gavin Newsom has announced the appointment of Clothilde “Cloey” Hewlett to serve as California's next Commissioner of the Department of Financial Protection and Innovation.  Ms. Hewlett has been serving as...more

Davis Wright Tremaine LLP

How Well Do You Know California's Newest Financial Regulator?

Under recent landmark legislation, California will enhance its oversight of consumer financial products and services. This law, known as the California Consumer Financial Protection Law (CCFPL), replaces the Department of...more

Allen Matkins

DFPI Rings In The New Year By Issuing A Dozen Subpoenas

Allen Matkins on

Yesterday, the Department of Financial Protection and Innovation announced that it had issued "subpoenas to a dozen companies with significant California customer bases, representing the first major action to be taken under...more

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