News & Analysis as of

Online Platforms Department of Financial Protection and Innovation (DFPI)

Orrick, Herrington & Sutcliffe LLP

DFPI fines online platform for omitting convenience fee disclosures

On January 9, DFPI issued a consent order against an online platform (respondent) that enables merchants to provide installment contracts to customers. ...more

Allen Matkins

After Vetoing Earlier Bill, Governor Signs Digital Financial Asset Bill

Allen Matkins on

A year ago, Governor Newsom vetoed a bill, AB 2269, which would have established a Digital Financial Assets Law.  At the time, the Governor claimed that it was "premature to lock a licensing structure in statute".   What a...more

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