There were 1,354 press releases posted in the last 24 hours and 404,627 in the last 365 days.

October 2023 DFPI Consumer Connection

The DFPI’s Student Loan Ombudsperson, Celina Damian, shares the most asked questions she’s received, and their answers, regarding the repayment pause that ended on Oct. 1 Check it out!

Managing debt is common in the U.S. and can help build your credit score. But, navigating debt and credit can be challenging if you're new to the country and used to a cash-only lifestyle. 
Read more.

Basic Banking & Credit for New Americans

Opening a bank account as a newcomer to the U.S. offers numerous benefits. Bank accounts provide easy access to your funds, help grow your savings through interest, and establish your financial history. Read more.

 

FEATURED EVENT

Shop Smart and Safe

Nov. 22, 12 – 12:30 p.m. | Virtual

From stocks, bonds, real estate, and even cryptocurrency, join this free webinar to learn about the pros and cons of different investment strategies, the associated risks, how to protect yourself from fraud and scams, and how to build a safe and successful wealth portfolio.
Register online. 

Upcoming Financial Education Webinars 

  • Dec. 20, 12 – 12:30 p.m. - End of the Year Financial Decisions 

Consumer Fraud Scams Targeting Seniors/Tips for Protection & Prevention Townhall

 

10:30 a.m. - 12 p.m.

Berkeley, CA

 

Scam Alert Seminar with Asm. Jacqui Irwin (AD42)

 

10 a.m. - 11:30 a.m.

Simi Valley, CA

Understanding Your Rights as a Student Loan Borrower /Managing SL Disputes

 

11 a.m. - 12 p.m.

Webinar

  • Do Your Own Research Campaign - We offer tools and alerts to help Californians make savvy financial decisions. Do your own research. Visit our Consumer Webpage for educational resources. Protect your money and know your rights.
  • Secretary Lourdes Castro Ramírez Steps Down – Effective Nov. 2, 2023, she leaves her role at the California Business, Consumer Services and Housing Agency. She's led 12 entities and 40 boards since 2020, focusing on housing and consumer protection. She'll continue her work in LA as Chief of Housing and Homelessness.
  • First-Time Homebuyers Podcast - Our sister department, the California Department of Real Estate (DRE), has a new podcast to guide first-time homebuyers. Listen on major platforms or the DRE website

CONSUMER ALERTS & ENFORCEMENT ACTIONS

  • Debt Collector Action – We've taken action against Centennial Services, Bellgate Associates, Moss Westinghouse and Associates, and Prodigy Portfolio Management for deceptive practices. Penalties total $87,500. Confirm a collector's license on our website or the NMLS database.
  • Regal Assets Precious Metals Fraud Action – We've teamed up with the CFTC to sue Regal Assets LLC for a $21 million fraud scheme targeting retirement savings.

  • Crocker Wealth Management Imposter Website  – We've found a fraudulent website posing as Crocker Capital, LLC, a licensed investment advisor. Be cautious; it links to an SEC disclosure page to appear legitimate.

  • Crypto Enforcement Videos – We've ordered StableDAO, WAAS and Sam Lee to cease activities for misleading investors with unqualified securities and false claims. They operated a Ponzi scheme, promising 0.1% daily returns.

DID YOU KNOW?

Be Cautious with Credit Repair – Some companies claim to fix your credit but charge fees without delivering on their promises. Federal law ensures you can see results before you pay and cancel the service anytime. For detailed guidance, consult the Consumer Financial Protection Bureau's advisory.


CLOTHILDE V. HEWLETT

Commissioner of Financial Protection and Innovation

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.