California Dept. of Financial Protection and Innovation announces plans to exercise expanded powers under Consumer Financial Protection Law
By EsqSocial Corporation 14/01/21
The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The CCFPL gives the California Department of Financial Protection and Innovation (DFPI) (the new name given to the state’s Department of Business Oversight) broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB. As a result, the DFPI has been labeled a “mini-CFPB.”...
By: Ballard Spahr LLP