Department of Business Oversight

featured graphic for California Department of Business Oversight during COVID-19

The California Department of Business Oversight (DBO) has experienced a more than 40 percent increase in consumer complaints, calls and inquiries since the onset of COVID-19 in the state, DBO Commissioner Manuel P. Alvarez announced today. Pandemic-related concerns about mortgages, student loans, personal loans, questionable investments, and apparent fraudulent schemes …continue reading

In light of recent events, the Department of Business Oversight (DBO) urges consumers and investors to be alert to scams and unlawful activities in the investment and other financial services industries. The DBO encourages investors to carefully investigate any potential investment opportunities at a time when unscrupulous actors will likely …continue reading

featured graphic for California State Legislative Analyst's Office

The Legislative Analyst’s Office has just published the following report: The 2020-21 Budget: Reinventing the Department of Business Oversight Governor’s Proposal. The Governor proposes budget trailer legislation to make various changes related to the Department of Business Oversight, such as changing its name to the Department of Financial Protection and …continue reading