DFPI News
September 2024 Monthly Bulletin
- Superior Court Rules on Challenge to Crypto Kiosk Withdrawal Limit
- Guidance Regarding Borrowers Affected by Landslides in Rancho Palos Verdes
- Update on Patelco Credit Union Cyberattack
Guidance to Financial Institutions, Mortgage Lenders and Servicers Regarding Borrowers Affected by Recent Landslides in Rancho Palos Verdes
This guidance is directed to financial institutions, lenders, and mortgage servicers in California whose customers may be experiencing financial hardship due to recent landslides in Rancho Palos Verdes.
Court Upholds Daily Transaction Limit for Crypto Kiosks
The DFPI announced today that the Superior Court for Los Angeles County has upheld the Digital Financial Assets Law’s landmark consumer protections for users of crypto asset kiosks, commonly known as “Bitcoin ATMs.”
Asset Recovery Scam Involving Unauthorized Use of DFPI Logo
The DFPI has received information about asset recovery scams using the DFPI logo and fraudulently claiming to be from the Department’s “Global Anti-Scam Unit” and the “DFPI Global Fraud Unit,” neither of which exist.
Fintech banking apps – what you need to know
These days, it’s common for financial technology companies to partner with banks to provide mobile banking services. Before signing up for a banking app, do your research to ensure your money is safe.
Patelco Credit Union Cyberattack – UPDATE
On August 20, Patelco Credit Union notified its members that confidential information may have been exposed due to a ransomware attack on June 29, 2024, attack. The DFPI recommends that Patelco members consider measures to help protect against misuse of personal data…
August 2024 Monthly Bulletin
- 2024 Report on Banks and Credit Unions Fee Income from NSF and Overdraft Charges
- CalMoneySmart Financial Education Grants Awarded
- Some Escrow Reports Due Aug. 13
DFPI Awards $4 Million to Community-Based Organizations for Financial Education and Empowerment Programs
DFPI awards $4 million to community-based organizations for financial education and empowerment programs.
July Consumer Connection
- Peer-to-Peer payment scams are on the rise
Thinking of starting a business?
Starting your own business may seem challenging, but it’s an exciting and achievable dream. Follow our guide and you’ll be well on your way.
7 tips for first-time homebuyers
Buying your first home can be exciting—and stressful. In the homebuying process, many financial questions are sure to arise. Follow these tips to get started.
Peer-to-Peer payment scams are on the rise
Use Venmo or PayPal? Learn how to protect yourself from peer-to-peer (P2P) scams.
July 2024 Monthly Bulletin
- Myriam Valdez-Singh Appointed DFPI Deputy Commissioner for Legislation
- Jerry Twomey Selected DFPI Deputy Commissioner for BDIA
- 2024-25 Assessment Rates for Credit Unions and Money Transmitters
Website bluelawnassetmanagement.com and www.blassetmanagement.com are Fraudulently Posing as a California-licensed Investment Adviser
The DFPI has received information that the website bluelawnassetmanagement.com is fraudulently marketing itself as a licensed investment adviser.
DFPI Revokes Finance Lending License of Synapse Credit LLC
The California Department of Financial Protection and Innovation (DFPI) announced an order revoking the California Financing Law license of Synapse Credit LLC (Synapse Credit).