Featured News and Updates
Press Release

DFPI Takes Action Against Patelco Credit Union for Cybersecurity Violations
The California Department of Financial Protection and Innovation (DFPI) announced today a consent order with San Francisco-based, Patelco Credit Union (Patelco) for cybersecurity violations.

Consumer Insights
Top 4 scams that target young adults
Jan 17, 2025
Young adults (ages 20-29) fall victim to more scams and fraud than any other age group.

Alerts
Website www.mainspringcapitalltd.com is Fraudulently Posing as a California-licensed Investment Adviser
Feb 3, 2025
The California Department of Financial Protection and Innovation (DFPI) has received information that the website mainspringcapitalltd.com is fraudulently marketing itself as a licensed investment adviser.

Alerts
Be Vigilant Against Scams and Unlawful Activities Seeking to Exploit Heightened Economic Anxieties Resulting from Wildfires
Jan 21, 2025
Be Vigilant Against Scams and Unlawful Activities Seeking to Exploit Heightened Economic Anxieties Resulting from Wildfires.
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Industry Updates
Important Notices
Proclamation of an Extraordinary Situation – DFPI Proclamation – 1/8/25
Jan 8, 2025
WHEREAS on January 7, 2025, Governor Gavin Newsom proclaimed that a state of emergency did then exist in Los Angeles and Ventura Counties of California due to extreme fire and windstorm conditions; and
Press Release
California Joins $80 Million Enforcement Action Against Block, Inc., Cash App for BSA/AML Violations
Jan 16, 2025
The DFPI and 47 state financial regulatory agencies have taken coordinated action against Block, Inc., for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
Press Release
California Joins Multi-State $17 Million Settlement with Broker-Dealer Edward D. Jones
Jan 15, 2025
The California Department of Financial Protection and Innovation (DFPI) announced it has joined a $17 million multi-state settlement with investment adviser and broker-dealer, Edward D. Jones & Co., L.P. (Edward Jones).
Monthly Bulletin
Monthly Bulletin – January 2025
Jan 21, 2025
- KC Mohseni Designated Acting DFPI Commissioner
- DFPI Guidance for Financial Institutions in Southern California Fire Disaster Areas
- New Deputy Commissioners Named for DFAL and CFL
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