DFPI joined leaders from eleven states in pressing the federal Consumer Financial Protection Bureau (CFPB) to issue long-delayed restitution to victims of a predatory tech sales program.

The DFPI joined in a $106 million, multi-state settlement with Vanguard Marketing Corp. and The Vanguard Group, Inc. Vanguard was accused of failing to properly supervise its representatives and not warning investors about possible tax consequences after lowering investment minimums for certain retirement funds.

On April 15, 2025, the United States Court of Appeals for the Ninth Circuit ruled in favor of the Department of Financial Protection and Innovation (DFPI) and its common-sense regulations providing protections for small businesses.

The DFPI has reached an agreement with Southern California-based money transmitter Sigue Corporation for failure to meet outstanding liabilities following its collapse in 2024.

The DFPI announced today that through its nationally-recognized Crypto Scam Tracker and a new partnership with the California Department of Justice (DOJ), the state has shut down more than 26 different crypto scam websites and uncovered $4.6 million in consumer losses.