This is in response to your letter dated September 11, 2020, in which _____________ (________) requests a determination by the Department of Financial Protection and Innovation, formerly Department of Business Oversight (Department) that ________’ …
The Department of Business Oversight (DBO) has been notified that an entity known as “Paisa Financial” is mailing loan solicitation letters to members of the public, and fraudulently using the NMLS number 76988. This NMLS number belongs to licensed …
SACRAMENTO – With Governor Gavin Newsom’s signing of AB 1864, the California’s Department of Business Oversight (DBO) expands its authority as a premier financial regulator and national model for consumer protection. The DBO will be re-named the California …
Sacramento – Con la firma del gobernador Gavin Newsom de AB 1864, el El Departamento de Supervisión de Negocios de California (DBO) amplía su autoridad como un primer regulador financiero y modelo nacional para la protección de los consumidores. El nuevo …
Download this press release (PDF) SACRAMENTO – Part of a nationwide enforcement action to disrupt a fraudulent precious metals scheme that preyed on the elderly, the California Department of Business Oversight (DBO) announced today it secured a petition to …
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Download this press release (PDF) SACRAMENTO – The California Department of Business Oversight (DBO) today announced the award of nearly $1 million in CalMoneySmart grants to 12 nonprofit organizations from throughout California. These funds will support …
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Download official copy (PDF) April 24, 2020 IN REPLY REFER TO: _________ FILE NO: _________ VIA EMAIL & U.S. MAIL Dear Ms. ________: Thank you for your letter to the Department of Business Oversight (“Department”) dated March 11, 2020, which …
The U.S. Census Bureau will end counting for the 2020 Census on Sept. 30, a month earlier than planned, U.S. Census Bureau Director Steven Dillingham has announced. Pending ongoing legal challenges, all data collection efforts, including door-knocking and …
Download this press release (PDF) SACRAMENTO – California’s residential PACE program executed 12,335 home improvement contracts worth more than $362 million in 2019, according to a Department of Business Oversight report that details the industry’s first …
Download official copy (PDF) IN REPLY REFER TO: _________ FILE NO: _________ August 28, 2020 VIA EMAIL Dear Ms. ________: Thank you for your letter dated June 1, 2020, as supplemented by your correspondence on July 27, 2020 and August 14, 2020. You …
Download this press release (PDF) SACRAMENTO – Installment consumer lending by nonbanks in California increased more than 68 percent, to more than $57 billion in 2019, according to a report released today by the Department of Business Oversight (DBO). The …
Download this press release (PDF) SACRAMENTO – The California Department of Business Oversight (DBO) today launched a formal investigation into whether prominent auto title lender Wheels Financial Group, LLC, which does business as LoanMart, is evading …
La pandemia de COVID-19 ha causado trastorno y ansiedad significativo a los individuos y los mercados financieros. Debido a que los defraudadores a menudo tratan de aprovecharse de asuntos actuales y problemas para promocionar sus estafas, El Departamento …
A new Department of Business Oversight report shows that California payday lenders issued 10.2 million loans worth $2.8 billion to more than 1.6 million customers in 2019, figures that all varied less than 1 percent from the year before. The industry …
WHEREAS on August 18, 2020, Governor Gavin Newsom proclaimed that a state of emergency did then exist throughout California as a result of record‐breaking heat and hundreds of wildfires; and WHEREAS Governor Newsom proclaimed that the extreme weather event …
The Department of Business Oversight (DBO) has received information that the website www.financeservicecorp.com is marketing itself as a consumer and commercial lender without authorization from the Department. Moreover, the website appears to be using the …
Commercial Bank Activity Acquisition of Control Bing Yang, Alice Liu, Byron Yang, Lauren Yang, Out of the Shell, LLC, and the AB Yang Foundation, to acquire control of Mega Bank Approved: 7/29/20 Patriot Financial Partners, GP II, L.P., Patriot Financial …
Download official copy (PDF) IN REPLY REFER TO: _________ FILE NO: _________ August 6, 2020 VIA EMAIL Dear Mr. ________: Thank you for your letter to Robert Venchiarutti, Deputy Commissioner of the Money Transmitter Division, dated July 8, 2020, …
