California Department of Business Oversight Press Releases - EIN Presswire

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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Published on September 28, 2023 - 23:33 GMT

August 2023 Monthly Summary of Financial Institution Pending Applications

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Published on September 28, 2023 - 14:45 GMT

California DFPI and CFTC Unite to File $21 Million Lawsuit Against Regal Assets for Targeting Retirement Savings

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI), in partnership with the federal Commodity Futures Trading Commission (CFTC), today filed a lawsuit in the United States District Court …

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Published on September 28, 2023 - 13:56 GMT

California DFPI and CFTC Unite to File $21 Million Lawsuit Against Regal Assets for Targeting Retirement Savings

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI), in partnership with the federal Commodity Futures Trading Commission (CFTC), today filed a lawsuit in the United States District Court …

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Published on September 21, 2023 - 23:27 GMT

Crypto Scam Entity “Bitscyber” Impersonating CA DFPI and Using Fraudulent “Ownership Certificate Of Funds” Document to Steal ...

The California Department of Financial Protection and Innovation (DFPI) has received information that an entity “BitsCyber”, possibly claiming to operate out of California, is offering the service of retrieving lost Cryptocurrency funds, claiming that it …

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Published on September 21, 2023 - 19:22 GMT

DFPI Moves to Halt $11.8 Million Stockton-Based Securities Fraud Targeting Tongan Community

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has ordered Tilila Siola’a Walker-Sumchai of Stockton, California, and four entities under her control to desist …

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Published on September 21, 2023 - 19:19 GMT

DFPI Moves to Halt $11.8 Million Stockton-Based Securities Fraud Targeting Tongan Community

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has ordered Tilila Siola’a Walker-Sumchai of Stockton, California, and four entities under her control to desist …

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Published on September 21, 2023 - 00:34 GMT

Introducing Our New Partner: Fresno Area Hispanic Foundation Joins CalMoneySmart to Empower Latinx Communities

In celebration of Latino Heritage Month (September 15 to October 15), also known as National Hispanic Heritage Month, we are thrilled to announce a new partnership with the Fresno Area Hispanic Foundation (FAHF) through the CalMoneySmart Grant Program. …

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Published on September 20, 2023 - 19:36 GMT

September 2023 Monthly Bulletin

On Sept. 6, Governor Gavin Newsom issued an executive order laying out how California will deal with the topic of Artificial Intelligence (AI) through a measured approach focusing on shaping the future of ethical, transparent, and trustworthy AI, while …

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Published on September 15, 2023 - 01:55 GMT

July 2023 Monthly Summary of Financial Institution Pending Applications

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Published on September 7, 2023 - 17:42 GMT

DFPI Launches $7.25 Million Grant Program to Support Californians with Student Loans

Download this press release (PDF) SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today the launch of the Student Loan Empowerment (SLE) Project, a new $7.25 million grant program that will support nonprofit …

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