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California › Student Loans › Department of Financial Protection and Innovation (DFPI)

Sheppard Mullin Richter & Hampton LLP

California DFPI Rolls Out Registration Requirements for Debt Settlement, EWA, and Student Loan Relief Providers

Sheppard Mullin Richter & Hampton LLP on

On October 22, the California DFPI announced the state’s approval of registration regulations enacted under the CCFPL, which will require providers of (1) debt settlement services, (2) education financing, (3) income-based...more

Allen Matkins

OAL Rejects DFPI Proposed Regulations

Allen Matkins on

In March 2023, the California Department of Financial Protection & Innovation proposed to adopt numerous regulations to "implement, interpret, and make specific registration requirements for covered persons under the...more

Ballard Spahr LLP

California DFPI Finalizes Regulations Governing Student Loan Servicers

Ballard Spahr LLP on

On October 13, 2023, the California Department of Financial Innovation (DFPI) published final regulations implementing the Student Loan Servicing Act (“SLSA”) and the Student Loans: Borrower Rights Law. The final regulations...more

Troutman Pepper

California Finalizes Amendments to Student Loan Servicing Act

Troutman Pepper on

On October 12, in its monthly bulletin the California Department of Financial Protection and Innovation (CA DFPI) announced that final regulations to implement the Student Loan Servicing Act and the Student Loans Borrower...more

McGlinchey Stafford

California DFPI Proposes Second Modification to Student Loan Servicing Regulations

McGlinchey Stafford on

On March 6, 2023, the California Department of Financial Protection and Innovation (DFPI) issued a notice of second modifications to proposed regulations under the Student Loan Servicing Act (Act) (Amendment). Previously, in...more

Orrick, Herrington & Sutcliffe LLP

DFPI clarifies licensing provisions for several state laws

Orrick, Herrington & Sutcliffe LLP on

The California Department of Financial Protection and Innovation (DFPI) recently filed a notice of proposed rulemaking with the Office of Administrative Law, seeking to add several sections to Title 10, Chapter 3 of the...more

Shipkevich PLLC

California DFPI Proposes Regulation to Implement Registration Requirements for Entities Covered Under California Consumer...

Shipkevich PLLC on

The California Consumer Financial Protection Law (“CCFPL”), established in September of 2020 under Governor Newsom, augmented the Department of Financial Protection & Innovation’s (“DFPI”) authoritative ability by increasing...more

Shipkevich PLLC

California’s DFPI Cracks Down on Student Debt Relief Scams

Shipkevich PLLC on

Recent Consent Order Issued by the DFPI Against Student Loan Relief Company - On February 28, 2023, the California Department of Financial Protection and Innovation (DFPI) announced that it has entered into a Consent Order...more

Bradley Arant Boult Cummings LLP

California Prepares to Add New Student Loan Servicing Regulations

Bradley Arant Boult Cummings LLP on

The California Department of Financial Protection and Innovation (DFPI) recently issued a Notice of Modification to Proposed Regulations and published the newly modified proposed regulations to amend its student loan...more

Buchalter

California Enacts Consumer Debt Collector Licensing Administered by DFPI

Buchalter on

During the 2019 legislative session, California enacted SB 908 – the Debt Collection Licensing Act, Financial Code Division 25, Sections 100000, et seq., requiring consumer debt collectors who are collecting on their own...more

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