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  • December 23, 2020
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California’s Adoption of ‘Mini-CFPB’ Will Transform customer Financial Services Regulation when you look at the State

California’s Adoption of ‘Mini-CFPB’ Will Transform customer Financial Services Regulation when you look at the State The reported intent for the CCFPL would be to “strengthen customer defenses by expanding the capability for the State of Ca to boost accountability and transparency when you look at the Ca economic system, offer customer economic training, and protect customers from abusive techniques.” The CCFPL identifies certain “vulnerable populations,” including service that is“military, seniors, pupils, low-and moderate-income people, and new Californians.” Underneath the CCFPL, California’s Department of company Oversight (DBO) may be renamed the Department of Financial Protection and Innovation (DFPI) and, along...
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