California Department of Business Oversight Press Releases

• Published on November 16, 2023 - 20:14 GMT

  DFPI Joins Multiple States, Provinces In Taking Action Against GSPartners for Fraudulent Crypto Investment Scheme

  Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued a desist and refrain order against GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold …

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• Published on November 16, 2023 - 20:10 GMT

  DFPI Joins Multiple States, Provinces In Taking Action Against GSPartners for Fraudulent Crypto Investment Scheme

  Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued a desist and refrain order against GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold …

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• Published on November 10, 2023 - 01:26 GMT

  

  November 2023 Monthly Bulletin

  2024 Renewal Program Calendar for Broker-Dealers and Investment Advisers Monday, Nov. 6, 2023 – PRELIMINARY Renewal Statements are available through E-Bill on FINRA. Monday, Nov. 20, 2023 – DFPI Reminder Emails will be sent to all licensees to renew their …

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• Published on November 8, 2023 - 17:45 GMT

  DFPI Issues Action Against F45 Training, Inc. for Violations of California Franchise Law

  Download this press release (PDF) SACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced today that it has signed a consent order with F45 Training, Inc. for violations of the Franchise Investment Law. The company …

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• Published on November 8, 2023 - 17:43 GMT

  DFPI Issues Action Against F45 Training, Inc. for Violations of California Franchise Law

  Download this press release (PDF) SACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced today that it has signed a consent order with F45 Training, Inc. for violations of the Franchise Investment Law. The company …

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• Published on November 7, 2023 - 20:49 GMT

  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 …

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• Published on November 7, 2023 - 18:22 GMT

  Your Top Student Loan Questions Answered

  It has been a busy summer leading up to the restart of repayment on October 1. Since July, I have received more than 450 borrower inquiries ranging from basic student loan servicer information to specific forgiveness updates. I’d like to share some of the …

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• Published on November 1, 2023 - 17:03 GMT

  California Joins Multi-State Settlement with Precious Metals Dealer True Bullion, LLC

  Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has joined a multi-state settlement with precious metals dealer True Bullion, LLC dba Gold Silver International …

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• Published on November 1, 2023 - 17:03 GMT

  California Joins Multi-State Settlement with Precious Metals Dealer True Bullion, LLC

  Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has joined a multi-state settlement with precious metals dealer True Bullion, LLC dba Gold Silver International …

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• Published on October 27, 2023 - 18:13 GMT

  September 2023 Monthly Summary of Financial Institution Pending Applications

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• Published on October 25, 2023 - 15:38 GMT

  DFPI, CFTC, 29 State Regulators Reach Settlement with Safeguard Metals in $68 Million Fraud Targeting Elderly Adults

  Download this press release (PDF) SACRAMENTO –The California Department of Financial Protection and Innovation (DFPI) today announced that, in partnership with the U.S. Commodity Futures Trading Commission (CFTC) and 29 other state regulators, the parties …

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• Published on October 25, 2023 - 15:37 GMT

  DFPI, CFTC, 29 State Regulators Reach Settlement with Safeguard Metals in $68 Million Fraud Targeting Elderly Adults

  Download this press release (PDF) SACRAMENTO –The California Department of Financial Protection and Innovation (DFPI) today announced that, in partnership with the U.S. Commodity Futures Trading Commission (CFTC) and 29 other state regulators, the parties …

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• Published on October 23, 2023 - 16:31 GMT

  DFPI Continues Yearlong Effort Targeting Unlawful, Deceptive Debt Collectors with Four New Actions

  Download this press release (PDF) SACRAMENTO – In a continuation of a yearlong crackdown on unscrupulous debt collectors, the California Department of Financial Protection and Innovation (DFPI) announced today that it has issued enforcement actions against …

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• Published on October 23, 2023 - 16:30 GMT

  DFPI Continues Yearlong Effort Targeting Unlawful, Deceptive Debt Collectors with Four New Actions

  Download this press release (PDF) SACRAMENTO – In a continuation of a yearlong crackdown on unscrupulous debt collectors, the California Department of Financial Protection and Innovation (DFPI) announced today that it has issued enforcement actions against …

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• Published on October 20, 2023 - 19:25 GMT

  

  Debt: A Guide for New Americans

  Good Debt vs. Not-So-Good Debt  First off, not all debt is created equal. Getting a loan for a house or education is usually considered “good debt.” Why? Because these things can increase in value or generate income for you in the long run. Think of it …

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• Published on October 20, 2023 - 19:25 GMT

  

  Basic Banking and Credit for New Americans (Part One)

  Safety First!  Let’s talk about keeping your money safe. Keeping cash at home can be risky—you could lose it to theft, fire, or flooding. But put it in a bank or credit union, and it’s much safer. The U.S. government even insures your money up to $250,000. …

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• Published on October 17, 2023 - 15:14 GMT

  State Regulators Settle with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts

  Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) and 43 other state agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions totaling …

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• Published on October 17, 2023 - 15:14 GMT

  State Regulators Settle with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts

  Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) and 43 other state agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions totaling …

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• Published on October 12, 2023 - 22:58 GMT

  

  October 2023 Monthly Bulletin

  On Sept. 28, the DFPI announced that, in partnership with the federal Commodity Futures Trading Commission (CFTC), filed a lawsuit in the United States District Court for the Central District of California centering on a $21 million fraudulent scheme that …

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• Published on October 4, 2023 - 19:05 GMT

  Website https://croackerwealthmanagement.com/ is Fraudulently Posing as a licensed Investment Adviser

  The California Department of Financial Protection and Innovation (DFPI) has received information that the website https://croackerwealthmanagement.com/ is fraudulently marketing itself as a licensed Investment Adviser. The imposter website, https:// …

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