Tag Archives: DFPI

The Governor of California has earmarked more than $11 million of the budget for the state’s Department of Financial Protection & Innovation to “protect consumers and ensure transparency of the debt collector industry through strong government oversight and data collection.” The item was part of Gov. Gavin Newsom’s $286 billion …

Much like the days leading up to Christmas are when Santa Claus and his elves really feel the crush of getting everything ready, and much like the industry felt in the days leading up to the enactment of Regulation F last month, the Nationwide Multistate Licensing System is seeing an …

The California Department of Financial Protection and Innovation has announced that its Debt Collection Advisory Committee will hold a public meeting on Thursday, December 16 at 3:00pm PT. The meeting comes two weeks before the state enacts a new debt collection licensing law, which will go into effect on January …

The two consumer advocates on the California Department of Financial Protection and Innovation’s Debt Collection Advisory Committee have come out and made two recommendations to protect Californians “from illegal collection practices and lawsuits.” The two advocates — Prasad Krishnamurthy, a professor of law at the UC Berkeley School of Law, …

The California Department of Financial Protection and Innovation is inviting comments on a proposed rule that will address how consumer complaints are handled in relation to the California Consumer Financial Protection Law (CCFPL). Under the law, covered persons will be required to develop written policies and procedures detailing how consumers …

The California Department of Financial Protection and Innovation yesterday announced it had assessed $1.4 million in fines and penalties against a student loan debt relief company that was accused of collecting illegal advance fees that are prohibited under federal law. The debt relief company, Amerifed Doc Prep LLC, will refund …

The California Department of Financial Protection and Innovation has announced it will be holding the inaugural meeting of its Debt Collection Advisory Committee on July 28 from 1:30pm PT to 3:00pm PT. Those interested in watching the meeting can do so by clicking here. The agenda for the meeting will …

The California Department of Financial Protection and Innovation (DFPI) has issued a notice of rulemaking, seeking to incorporate changes to its debt collection license application after reviewing comments on the proposal. Interested parties have until July 12 to submit their comments on the new proposal. The licensing law is scheduled …

The Department of Financial Protection and Innovation in California has issued a consumer alert, notifying the public that The Offices of Morgan and Moss is “holding itself out as a legitimate debt collector” in California, and is using “threatening and abusive tactics to coerce consumers to make payments on ‘debts’ …

The California Department of Financial Protection and Innovation (DFPI) yesterday announced it has hired a leading consumer advocate to run its Office of Financial Technology and Innovation, with the mandate to create a “national model for fostering responsible innovation” for entrepreneurs developing financial products and services in the state. The …