Buying your first home can be exciting—and stressful. Beyond the challenge of finding the right home in the right neighborhood, many financial questions are sure to arise. With advance planning—and saving—the homebuying process will be much easier.
Following nationwide reports of scammers targeting Venmo users, Forbes says peer-to-peer (P2P) scams are on the rise. Peer-to-peer payments are typically done by sending money through a smartphone app. Common P2P service providers include PayPal, Venmo, …
Step 1: Get your paperwork in order – Before opening for business, make sure you file the required legal, tax, and business licensing documents for your local area. Choose a business structure: It’s important to select the proper legal structure for your …
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On July 1, the California Department of Financial Protection and Innovation (DFPI) announced a consent order as part of a combined $63 million penalty against La Jolla-based Silvergate Bank, its holding company (collectively Silvergate), and certain …
The California Department of Financial Protection and Innovation (DFPI) has received information that the website bluelawnassetmanagement.com is fraudulently marketing itself as a licensed investment adviser. The imposter websites, bluelawnassetmanagement. …
Download this press release (PDF) SACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced it has issued an order revoking the California Financing Law license of Synapse Credit LLC (Synapse Credit), a subsidiary of …
The California Department of Financial Protection and Innovation (DFPI) has been made aware that Patelco Credit Union was subjected to a ransomware attack on Saturday, June 29, 2024. This cyberattack caused the credit union to shut down some of its day-to- …
Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it has entered into a consent order as part of a combined $63 million penalty against La Jolla-based Silvergate Bank, its …
During Pride Month, we celebrate the extraordinary courage and contributions of the Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ+) communities. Learn about the great work some of our community partners are doing with LGBTQ+ communities across …
The San Francisco Lesbian Gay Bisexual Transgender Community Center (SF LGBT Center) is the only organization serving the full spectrum of San Francisco’s LGBTQ+ communities. Its mission is to connect its diverse community to opportunities, resources, and …
Step 1: Determine financial priorities – Housing, living expenses, emergency savings, and paying off high-interest debt should take priority. Invest only with leftover funds after these obligations are met. Step 2: Set investment goals – Long-term …
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Samuel Hynes Vick As Commissioner of DFPI, I am deeply committed to advancing economic mobility, particularly for historically marginalized communities who have been locked out of wealth-building opportunities. My own heritage, rooted in the resilience of …
The Conference of State Bank Supervisors (CSBS) is conducting two important surveys for Community Banks. The DFPI encourages all state banks to participate. 2024 Annual Survey of Community Banks – The 2024 CSBS Annual Survey of Community Banks close date …
The California Department of Financial Protection and Innovation (DFPI) has issued desist and refrain orders for violations of California securities laws against Alluo and Star Network, which both unlawfully offered investments to the general public …
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today the launch of the Student Loan Empowerment Network (SLE Network), a network of community-based and legal aid organizations that will provide free …
How to Invest Wisely June 5, 12 – 1 p.m. | Virtual Tour our newly launched Investor Center website and get a step-by-step process for investing smarter. Learn how to develop your investment goals, understand risks and rewards, and protect yourself from …
Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today the launch of its new Investor Center, a website dedicated to promoting financial literacy, investor resources, and …
Recently, the Department of Education (ED) announced that MOHELA will be transferring their federal student loan accounts to other federal student loan servicers. Borrowers should receive communication about the transfer from MOHELA and their new servicer. …
