The California Department of Financial Protection and Innovation (DFPI) has received information that the website grandvacap.com is marketing itself as licensed Investment Adviser. The imposter website, grandvacap.com, is not associated with a California …
Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it has entered into a consent order with TradeStation Crypto, Inc. (TradeStation) to resolve the DFPI’s securities …
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The most common reasons people stop budgeting are that they tried to reach their financial goals too fast or saved too hard. Built up despair about not reaching unrealistic financial goals is stressful and often results in giving up on your budget …
The DFPI is committed to safeguarding California’s financial marketplace and empowering consumers with financial education and resources. This publication is designed to help you identify fraud, avoid scams, safeguard personal and financial data, and know …
Annual reports for 2023 for DFPI Mortgage Lending (CRMLA), Finance Lenders (CFL), Payday Lenders (CDDTL), Student Loan Services (SLSA) and Debt Collectors (DCLA) are due in March. A registered DFPI portal account is required to submit the Annual Report. To …
Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued a consent order against Credova Financial, LLC. The order is part of an effort to protect consumers …
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The DFPI’s Student Loan Ombudsperson Celina Damian shares the most asked questions from borrowers, and their answers, regarding the Public Service Loan Forgiveness (PSLF) program. Read more. In part 2 of the Basic Banking and Credit for New Americans …
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Which repayment plan is best for PSLF? All the Income-Driven Repayment (IDR) plans are qualifying plans for PSLF. Generally, these plans require monthly payments between 10-20 percent of a borrower’s discretionary income. The four IDR plans are: Saving on …
What are Charitable Donation Scams? Many charitable donation scams come from criminals trying to capitalize on a current economic downturn, environmental crisis, or geopolitical turmoil. These scams can look, sound, and feel very realistic. Some are even …
Banking Made Easy Opening a bank account in California has become more inclusive and accessible than ever. Many mainstream banks now accept various forms of identification, making it easier for immigrants to open accounts. This means you can securely store …
Regulations implementing the application requirements under the Debt Collection Licensing Act (DCLA) became effective on Dec. 22, 2021. On Aug. 19, 2021, the Commissioner released an invitation to comment on an anticipated subsequent rulemaking related to …
Download this press release (PDF) SACRAMENTO — On December 4, 2023, Judge R. Gary Klausner granted the Department of Financial Protection and Innovation’s Motion for Summary Judgment in the case Small Business Finance Association v. DFPI. Judge Klausner’s …
Download this press release (PDF) SACRAMENTO — On December 4, 2023, Judge R. Gary Klausner granted the Department of Financial Protection and Innovation’s Motion for Summary Judgment in the case Small Business Finance Association v. DFPI. Judge Klausner’s …
In honor of National Veterans and Military Families Month, the DFPI has gathered a wide range of resources dedicated to protecting our California veterans and military servicemembers. Veterans, military servicemembers, and their families are much more …
Veterans and military servicemembers and their families are much more likely than civilians to be targeted by fraudsters. Veterans can be viewed as easy targets by scammers due to the assumption that veterans have a strong sense of giving back to other …
A third-quarter 2023 CSO report indicated a rising trend in crypto-related complaints. Below are examples of the most common crypto-related complaints received by the DFPI: Consumer with an account with a legitimate crypto exchange site is scammed into …
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