Financial

featured graphic for DFPI California Department of Financial Protection and Innovation after COVID-19

The Department of Financial Protection and Innovation announced that Commissioner Clothilde V. Hewlett issued an Order suspending BlockFi’s California Financing Law license for 30 days pending the DFPI’s investigation.   The suspension follows the DFPI’s notice to suspend issued on Nov. 11, 2022, which was prompted by BlockFi’s Nov. 10, 2022, announcement …continue reading

featured graphic for American Federation of Teachers

American Federation of Teachers President Randi Weingarten issued the following statement after a district court judge struck down the Biden administration’s student debt relief policy following a lawsuit from fringe special interests: “This bad-faith lawsuit brought by far-right extremists is a full-frontal attack on young people’s futures. It is shameful, …continue reading

featured graphic for DFPI California Department of Financial Protection and Innovation after COVID-19

The Department of Financial Protection and Innovation (DFPI) has issued a notice to suspend BlockFi Lending LLC’s California Financing Law lender license for 30 days pending the Department’s investigation into BlockFi’s recent announcement to limit its platform activity including pausing client withdrawals. BlockFi’s announcement, made on November 10, 2022, from …continue reading

featured graphic for California State Treasurer Fiona Ma after COVID-19

California State Treasurer Fiona Ma announced the development of the Specialty Dental Clinic Grant Program (Dental Grant Program) and its importance during a stakeholder kickoff meeting today. The Dental Grant Program was authorized when Governor Gavin Newsom signed the Budget Act of 2022, allocating $25 million to be disbursed through …continue reading

featured graphic for California State Treasurer Fiona Ma after COVID-19

California State Treasurer Fiona Ma announced that the U.S. Bank Solutions Premier Visa Card is now available to people with disabilities who hold CalABLE accounts. CalABLE, which stands for California Achieving a Better Life Experience, is a tax-advantaged savings program for people with disabilities run by the State of California. …continue reading

featured graphic for California State Treasurer Fiona Ma after COVID-19

California State Treasurer Fiona Ma announced the sale of $500 million of taxable revenue bonds for the California Earthquake Authority (CEA). The CEA issues revenue bonds from time to time in order to provide liquidity, diversity, and stability for the CEA’s claim- paying structure. The California Legislature formed the CEA …continue reading

featured graphic for California State Treasurer Fiona Ma after COVID-19

Governor Gavin Newsom signed legislation sponsored by Treasurer Fiona Ma to expand eligible contributions to CalABLE, California’s tax advantaged savings and investment program for people with disabilities. Nearly 8,000 CalABLE accounts have been opened with nearly $80 million in savings since CalABLE began. Assembly Bill (AB) 2216, authored by longtime …continue reading

featured graphic for the Orange County Treasurer-Tax Collector after COVID-19

The State of California opened the application period for the California Property Tax Postponement Program (PTP). This program allows low income seniors and disabled property owners to defer their fiscal year 2022-23 secured property taxes on their principal residence if they meet established criteria. The program does not allow for …continue reading