2013 Press Releases

Download this press release (PDF)SACRAMENTO (December 20, 2013) –The Department of Business Oversight has entered into a settlementwith Folsom-based TIOR Capital, LLC for violations of the California Deferred Deposit Transaction Law,which regulates payday...

Download this press release (PDF)Sacramento, November 19, 2013 — The California Department of Business Oversight received the covetedGold Agency Award at the 14th Annual State Agency Recognition Awards (SARA) ceremony for being anexemplary department in...

Download this press release (PDF)SACRAMENTO, CA (November 19, 2013) – The California Department of Business Oversight has taken actionagainst Cash Cure, LLC, operating online at www.cashcure.com, for engaging in deferred deposit transactions,commonly known...

Download this press release (PDF)SACRAMENTO (November 19, 2013) – The Department of Business Oversight (the Department) has enteredinto a Consent Order with UBS Financial Services, Inc. (UBS) for violations of the California CorporateSecurities Law. The...

Download this press release (PDF)SACRAMENTO (October 7, 2013) – The California Department of Business Oversight (Department) hasalerted banks and credit unions of the Department’s ongoing efforts to stop illegal unlicensed online paydaylending activity and...

Download this press release (PDF)SACRAMENTO (August 28, 2013) – The California Department of Business Oversight has reached asettlement with Guidance Residential, LLC, after discovering that they overcharged customers interest beforethe disbursement of...

Download this press release (PDF)SACRAMENTO (August 12, 2013) – The California Department of Business Oversight has reached a settlementwith Gateway Funding Diversified Mortgage Services, LP, doing business as Arlington Capital Mortgage, forillegally...

Download this press release (PDF)SACRAMENTO, CA (July 12, 2013) – The California Department of Business Oversight has taken action against acompany that is making payday loans illegally and without a license. East Side Lenders, LLC, a Delaware...