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Memorandum of Understanding Department of Financial Protection and Innovation (DFPI) Safe Harbors

Goodwin

California’s Mini-CFPB Enters into Memorandums of Understanding with Earned Wage Access Fintech Companies

Goodwin on

In January 2021, the new California Department of Financial Protection and Innovation (DFPI) entered into memorandums of understanding (MOUs) with five earned wage access fintech companies so that these companies can continue...more

Morrison & Foerster LLP

A Sign Of Things To Come: The California DFPI Exercises Its New Authority In Regulating Earned Wage Access Products

The law creating a new California mini-CFPB took effect on January 1, 2021, and a few weeks later, the California Department of Financial Protection and Innovation (DFPI) entered into “first-of-their kind” memoranda of...more

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