California Consumer Financial Protection Law

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

A year after implementing one of the most expansive consumer protection laws in the country, the Department of Financial Protection and Innovation (DFPI) announced it has collected close to $1 million in restitution for consumers, fielded hundreds of additional complaints related to the law, and launched more than 100 investigations …continue reading

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

The California Department of Financial Protection and Innovation (DFPI) today launched an investigation into whether student-loan debt-relief companies operating in California are engaging in illegal conduct under the new California Consumer Financial Protection Law (CCFPL) and Student Loan Servicing Act (SLSA). The DFPI also issued a formal action against one …continue reading

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

With the new California Consumer Financial Protection Law now in effect, the Department of Financial Protection and Innovation (DFPI) will exercise expanded powers to better protect consumers from unlawful, unfair, deceptive, and abusive practices. Beginning immediately, the DFPI will review and investigate consumer complaints against previously unregulated financial products and …continue reading