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2022 Press Release

DFPI Orders MyConstant To Cease Offering Crypto-Related Products

The Department of Financial Protection and Innovation today announced that it has ordered CONST LLC (doing business as “MyConstant”) to desist and refrain from violating the California Securities Law and California Consumer Financial Protection Law.

DFPI Moves to Suspend SALT Lending LLC’s License

The DFPI has issued a notice to suspend SALT Lending LLC’s California Financing Law license for 30 days pending the Department’s investigation into SALT’s recent announcement to limit its platform activity including pausing client withdrawals.

California DFPI Hosts Webinar to Help Student Loan Borrowers

The DFPI is working with state and federal agencies as well as local nonprofits to educate student loan borrowers about their rights and upcoming federal deadlines, including the Public Service Loan Forgiveness Waiver that expires on Oct. 31, 2022.