There were 108 press releases posted in the last 24 hours and 403,404 in the last 365 days.

June 2023 DFPI Consumer Connection

Homebuyers Guide to Navigating a Sellers’ Market 

It can be difficult to buy the home you want when faced with competing offers from other homebuyers. Understanding their rights, responsibilities, and options can help homebuyers navigate the complicated scenario of multiple offers in a sellers’ market. 

Annual Report of Activity Under the California Consumer Financial Protection Law

In the past two years, we have leveraged the authority the CCFPL granted us to achieve remarkable results. Read our latest report for valuable insights into the tangible outcomes of our efforts.

Smart Ways to Save for Large Purchases 

Financial foresight is crucial, especially when planning for big expenses, such as a new car, home, or vacation. Use these helpful insights to understand and implement smart saving techniques that suit your financial circumstances and keep you on track toward financial wellness. 

FEATURED EVENT

Path to Homeownership 

June 26, 12 – 12:30 p.m. | Virtual Event 

In celebration of National Homeownership Month, the DFPI's monthly financial education series will highlight available homebuyer assistance programs and give an overview of the home buying-process and tips to avoid fraud and scams. Special guests include the California Housing Finance Agency (CalHFA).
More information and register online

Understanding the One-Time IDR Adjustment webinar 

2 p.m. - 3 p.m.

 

Virtual

  • Enforcement Action Against Coinbase Staking Rewards Program: The DFPI issued an action against Coinbase Global, Inc. and Coinbase, Inc. for violations of securities laws with its crypto asset staking rewards program. The action is the result of a multi-state task force of 10 state securities regulators led by California. 
  • Debt Collector Enforcement Sweep: The DFPI issued enforcement actions against Allen and Associates, BlackRock Legal Group, and RM Legal for unlicensed debt collection activity. These actions follow previous debt collection action sweeps demonstrating the DFPI’s focus on debt collectors that violate the law.
  • Silvergate Bank Liquidation: The DFPI issued a joint consent order with the Federal Reserve Board of Governors to facilitate the implementation of its voluntary liquidation plan, which will include full repayment of all deposits at the Bank. 
  • Outreach Team Webpage: Meet our Targeted Outreach Team and see how you can schedule them for your next financial education or consumer protection community event. 

CONSUMER ALERTS & ENFORCEMENT ACTIONS 

  • Cash Central: The DFPI has received information about an online advance fee scam. The imposter website is not associated with the California-licensed “CCFI Funding, LLC, DBA, Cash Central, Insight Capital.” The imposter may be offering fraudulent consumer loans and/or deferred deposit transactions. 

DID YOU KNOW?

Sacramento-native Saweetie and her grandmother, Roxane Harper, launched the Icy Baby Foundation to advance financial literacy and entrepreneurship in underserved communities. This nonprofit offers financial education for students and a free one-year money management app.

Read more from Forbes.


CLOTHILDE V. HEWLETT

Commissioner of Financial Protection and Innovation