California Consumer Financial Protection Law: Regulations, Legislation, Opinions, and Releases
On September 25, 2020, Governor Gavin Newsom signed AB 1864 (Chapter 157, Statutes of 2020), establishing the California Consumer Financial Protection Law (CCFPL) under Division 24 of the Financial Code (commencing with Section 90000).
Final Regulations
PRO 01-21 – CCFPL, CFL, CDDTL, and SLSA – Registration Requirements under the CCFPL
Adopt: Sections 1000, 1001, 1002, 1003, 1004, 1010, 1011, 1012, 1020, 1021, 1022, 1023, 1024, 1025, 1026, 1030, 1031, 1032, 1033, 1034, 1040, 1041, 1042, 1043, 1044, 1045, 1048, 1050, 1051, 1052, 1430.1, 1461, 1462.5, 1464, 1465, 1466, 1467, 2030.5, and 2044.1
Date: October 11, 2024
Effective: February 15, 2025
PRO 02-21 CCFPL Commercial Financial Products and Services
Adopt: Sections 1060, 1061, and 1062
Date: August 2, 2023
Effective: October 1, 2023
- Notice of Approval of Regulatory Action (PDF)
- STD. Form 400 – Approved by Office of Administrative Law and Filed in the Office of the Secretary of State (PDF)
- Order (Final Text) (PDF)
- Final Statement of Reasons (PDF)
Proposed Regulations
PRO 07/24 – California Consumer Financial Protection Law – Identifying Additional Industries for Registration
Comment Period Ends: December 12, 2024
PRO 01-21 – CCFPL, CFL, CDDTL, and SLSA – Registration Requirements under the CCFPL
July 2, 2024 – Third Modifications to Proposed Text
Comment Period Ends: July 24, 2024
- PRO 01-21 – Notice of Extension of Comment Due Date to July 24, 2024 (PDF)
- PRO 01-21 – Notice of Third Modification to Proposed Rulemaking (PDF)
- PRO 01-21 – Third Modified Text of Proposed Regulations (PDF)*
- PRO 01-21 – Third Modified Text of Proposed Regulations (PDF)**
- PRO 01-21 – The modified text of the proposed regulations incorporates by reference NMLS Company Form (Form MU1), Version 13.0, dated 2/1/2024.
- View comments on Third Modification to Proposed Text of PRO 01-21
*In this version, the original proposed text is shown without underline. The first modifications to the text are shown with underline for additions and strikethrough for deletions. The second modifications to the text are shown with double underline for additions and double strikethrough for deletions. The third modifications to the text are shown with italics for additions and strikethrough with italics for deletions.
**This version is provided as a courtesy to the public and shows the second modified text without underline. The third modifications to the text are shown with underline for additions and strikethrough for deletions.
April 26, 2024 – Office of Administrative Law Disapproval
- PRO 01-21 – Office of Administrative Law Disapproval Letter (PDF)*
- PRO 01-21 – Office of Administrative Law Disapproval Decision (PDF)
*An agency may rewrite and resubmit disapproved regulations to the Office of Administrative Law (OAL) within 120 days of an agency’s receipt of a written decision from OAL stating the reasons for disapproval. Written decisions must be issued within 7 calendar days of a disapproval letter.
March 14, 2024 – Filed with the Office of Administrative Law
- PRO 01/21 – Final Statement of Reasons (PDF)
- PRO 01/21 – Final Text (PDF)
The current status is available here.
January 17, 2024 – Second Modifications to Proposed Text
Comment Period Ends: February 6, 2024
- PRO 01-21 – Notice of Second Modification to Proposed Action (PDF)
- PRO 01-21 – Second Modified Text of Proposed Regulations (PDF)*
- PRO 01-21 – Second Modified Text of Proposed Regulations (PDF)**
- Comments on Second Modification to Proposed Text of PRO 01-21
* In this version, the original proposed text is shown without underline. The first modifications to the text are shown with underline for additions and strikethrough for deletions. The second modifications to the text are shown with double underline for additions and double strikethrough for deletions.
** This version is identical to the version described immediately above but is provided as a courtesy to the public so that readers can more easily identify and comment on changes made since the last comment round. This version shows the first modified text without underline. The second modifications to the text are shown with underline for additions and strikethrough for deletions.
Nov 6, 2023 – First Modifications to Proposed Text
Comment Period Ends: November 27, 2023
- PRO 01-21 – Notice of First Modification to Proposed Action (PDF)
- PRO 01-21 – First Modified Text of Proposed Regulations (PDF)
- View comments on First Modification to Proposed Text of PRO 01-21
April 5, 2023 – Initial Proposed Text
Comment Period Ends: May 17, 2023
- PRO 01-21 – Notice of Extension of Comment Due Date to May 17, 2023 (PDF)
- PRO 01-21 – Notice of Proposed Action (PDF)
- PRO 01-21 – Text of Proposed Regulations (PDF)
- PRO 01-21 – Initial Statement of Reasons (PDF)
- PRO 01-21 – 2021 Earned Wage Access Data Findings (Cited in ISOR) (PDF)
- View Comments on PRO 01-21
PRO 02-21 – CCFPL Commercial Financial Products and Services
June 23, 2023 – Filed with the Office of Administrative Law
The current status is available here.
February 24, 2023 – First Modification to Proposed Text
Comment Period Ends: March 13, 2023
- PRO 02-21 – Notice of First Modification to Proposed Action (PDF)
- PRO 02-21 – First Modified Text of Proposed Regulations (PDF)
Initial Proposed Text
Comment Period Ends: August 8, 2022
- PRO 02-21 – Notice of Proposed Action (PDF)
- PRO 02-21 – Text of Proposed Regulations (PDF)
- PRO 02-21 – Initial Statement of Reasons (PDF)
- View Comments on Initial Proposed Text
PRO 03-21 – CCFPL Complaints and Inquiries
April 14, 2023 – Third Modifications to Proposed Text
Comment Period Ends: April 29, 2023
- PRO 03/21 – Notice of Third Modification (PDF)
- PRO 03/21 – Third Modifications to the Text (PDF)
- View Comments on Third Modification to Proposed Text of PRO 03-21
March 23, 2023 – Second Modifications to Proposed Text
Comment Period Ends: April 7, 2023
- PRO 03/21 – Notice of Second Modification (PDF)
- PRO 03/21 – Second Modification to the Text (PDF)
- View Comments on Second Modification to Proposed Text of PRO 03-21
December 22, 2022 – Modifications to Proposed Text
Comment Period Ends: January 20, 2023
- PRO 03/21 – Extension of Deadline for Comments to January 20, 2023 (PDF)
- PRO 03/21 – Notice of Modification (PDF)
- PRO 03/21 – Proposed Modification to the Text (PDF)
- PRO 03/21 – Modified Text (clean version provided as a courtesy) (PDF)
- View Comments on Modification to Proposed Text of PRO 03-21
Initial Proposed Text
Comment Period Ends: July 5, 2022
- PRO 03/21 – Notice (PDF)
- PRO 03/21 – Proposed Text (PDF)
- PRO 03/21 – Initial Statement of Reasons (PDF)
- View Comments on PRO 03-21 – CCFPL Complaints and Inquiries
Invitation for Comments
PRO 01-22 – CCFPL – Crypto Asset-Related Financial Products and Services
Comment Period Ends: August 5, 2022
- PRO 01-22 – Invitation for Comments (PDF)
- View Comments on PRO 01-22 – CCFPL – Crypto Asset-Related Financial Products and Services
PRO 01-21 – CCFPL Registration
Comment Period Ends: December 20, 2021
- PRO 01-21 – Invitation for Comments (PDF)
- PRO 01-21 – Draft Text (PDF)
- View Comments on PRO 01-21 – CCFPL Registration
8/18/2021 – PRO 02-21 – CCFPL – Small Business Protections
Comment Period Ends: September 17, 2021
- PRO 02-21 – Invitation for Comments – CCFPL Small Business Protections (PDF)
- PRO 02-21 – Draft Text – CCFPL Small Business Protections (PDF)
- View Comments on Proposed Rulemaking: PRO 02-21 – CCFPL – Small Business Protections
8/18/2021 – PRO 03-21 – CCFPL Complaints
Comment Period Ends: September 17, 2021
- PRO 03-21 – Invitation for Comments – CCFPL Complaints (PDF)
- PRO 03-21 – Draft Text – CCFPL Complaints (PDF)
- View Comments on PRO 03-21 – CCFPL Complaints
2/4/2021 – PRO 01-21 – CCFPL
Comment Period Ends: March 8, 2021
Note: If you want to receive future notices about the CCFPL rulemaking, please click the “e-mail subscription service” link below. After logging in to our subscription system, please confirm that you have checked the California Consumer Financial Protection Law Regulations topic under the “Regulations” category.
SUBSCRIBE TO RECEIVE RULEMAKING NOTICES
To receive notices of DFPI rulemaking, subscribe to our e-mail subscription service.