California Governor Newsom announced the appointment of Clothilde “Cloey” Hewlett as the next Commissioner of the Department of Financial Protection and Innovation (DFPI). She will start after Thanksgiving, when she will...more
Licensees under the California Financing Law not currently on NMLS must transition onto NMLS by December 31, 2021.
All licensees not yet on NMLS must establish an account in NMLS and transmit their information to the...more
Licensees and applicants under the California Financing Law are reminded of the following:
• Licensees under the California Financing Law not currently on NMLS must transition onto NMLS by December 31, 2021.
• New...more
Last month we wrote a blog relating to a consent order entered into by the California Department of Financial Protection and Innovation (DFPI) with a servicer of income share agreements. The DFPI determined that, despite...more
On September 1, the CFPB issued a Notice of Proposed Rulemaking (NPRM) to implement Section 1071 of the Dodd-Frank Act, which amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to collect and...more