California Department of Business Oversight Press Releases - EIN Presswire

Published on September 10, 2024 - 16:08 GMT

Guidance to Financial Institutions, Mortgage Lenders and Servicers Regarding Borrowers Affected by Recent Landslides in Rancho ...

This guidance is directed to financial institutions, lenders, and mortgage servicers in California whose customers may be experiencing financial hardship as a result of ongoing land movement that has disrupted utility services and evacuation warnings for …

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Published on September 4, 2024 - 17:38 GMT

Court Upholds Daily Transaction Limit for Crypto Kiosks

Download this press release (PDF) SACRAMENTO — The Department of Financial Protection and Innovation (DFPI) announced today that the Superior Court for Los Angeles County has upheld the Digital Financial Assets Law’s landmark consumer protections for users …

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Published on September 4, 2024 - 16:55 GMT

Court Upholds Daily Transaction Limit for Crypto Kiosks

Download this press release (PDF) SACRAMENTO — The Department of Financial Protection and Innovation (DFPI) announced today that the Superior Court for Los Angeles County has upheld the Digital Financial Assets Law’s landmark consumer protections for users …

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Published on September 3, 2024 - 22:52 GMT

Asset Recovery Scam Involving Unauthorized Use of DFPI Logo

The California Department of Financial Protection and Innovation (DFPI) has received information about scammers fraudulently claiming to be from the “Department of Financial Protection and Innovation” and using the same letterhead and logo of the DFPI. The …

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Published on August 30, 2024 - 18:38 GMT

Fintech banking apps – what you need to know

Here are some things to consider if you choose an app that isn’t provided directly by a bank: Common clues your banking app may not be a bank Unfortunately, it is not always clear whether your banking services are being provided by a bank or a fintech …

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Published on August 21, 2024 - 19:23 GMT

Patelco Credit Union Cyberattack – UPDATE

On July 2, the California Department of Financial Protection and Innovation (DFPI) was advised that Patelco Credit Union was subjected to a ransomware attack on June 29, 2024. On August 20, Patelco noticed its members that confidential information may have …

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Published on August 13, 2024 - 02:34 GMT

August 2024 Monthly Bulletin

Commercial Bank Activity New Bank Altos Bank Proposed location: Street address to be determined in Downtown Los Altos, Los Altos, Santa Clara County Correspondent: James B. Jones Carpenter & Company, 23 Corporate Plaza Drive, Suite 150, #D-11, Newport …

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Published on August 5, 2024 - 17:15 GMT

DFPI Awards $4 Million to Community-Based Organizations for Financial Education and Empowerment Programs

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today announced it has awarded $4 million in CalMoneySmart grants for the 2024-2026 grant cycle. This year’s slate of 15 nonprofit …

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Published on August 5, 2024 - 16:55 GMT

DFPI Awards $4 Million to Community-Based Organizations for Financial Education and Empowerment Programs

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today announced it has awarded $4 million in CalMoneySmart grants for the 2024-2026 grant cycle. This year’s slate of 15 nonprofit …

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Published on August 1, 2024 - 22:00 GMT

July Consumer Connection

A strong password to protect your accounts is not enough to stay safe. For additional protection, the Federal Trade Commission recommends two-factor authentication. Spend a few minutes now to learn about two-factor authentication and how to enable it – and …

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Published on July 25, 2024 - 21:25 GMT

7 tips for first-time homebuyers

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.

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Published on July 25, 2024 - 21:25 GMT

P2P payment scams are on the rise

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, …

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Published on July 25, 2024 - 21:25 GMT

Thinking of starting a business?

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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Published on July 13, 2024 - 01:57 GMT

May 2024 Monthly Summary of Financial Institution Pending Applications

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Published on July 13, 2024 - 01:06 GMT

July 2024 Monthly Bulletin

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 …

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Published on July 10, 2024 - 23:03 GMT

Website bluelawnassetmanagement.com and www.blassetmanagement.com are Fraudulently Posing as a California-licensed Investment ...

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. …

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Published on July 10, 2024 - 17:00 GMT

DFPI Revokes Finance Lending License of Synapse Credit LLC

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 …

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Published on July 10, 2024 - 16:25 GMT

DFPI Revokes Finance Lending License of Synapse Credit LLC

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 …

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Published on July 2, 2024 - 23:07 GMT

Patelco Credit Union Cyberattack

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- …

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Published on July 1, 2024 - 21:22 GMT

Silvergate to Pay $63 Million in Combined Penalties Following Coordinated Investigations by DFPI, Federal Partners

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 …

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