Monthly Bulletin – July 2023 Volume 10, Number 12 2023-24 Assessment Rates for Financial Institutions On June 30, invoices for the 2023-24 annual assessment were emailed to credit unions and money transmitters. Licensees that did not receive their invoices... Read MoreRead more about July 2023 Monthly Bulletin
Monthly Bulletin – June 2023 Volume 10, Number 11 Annual Report Shows Continued Success with Consumer Protection Law In 2020, California launched one of the most expansive consumer financial protection laws in the nation – the California Consumer Financial... Read MoreRead more about June 2023 Monthly Bulletin
Monthly Bulletin – May 2023 Volume 10, Number 10 DFPI Review of Silicon Valley Bank Oversight and Regulation On May 8, the DFPI released its Review of DFPI’s Oversight and Regulation of Silicon Valley Bank (SVB). The report summarizes DFPI’s supervision of SVB... Read MoreRead more about May 2023 Monthly Bulletin
Monthly Bulletin – April 2023 Volume 10, Number 9 Greg Young Appointed Senior Deputy Commissioner for Corporations and Financial InstitutionsOn March 29, Governor Gavin Newsom announced the appointment of Greg Young of Martinez as Senior Deputy Commissioner of... Read MoreRead more about April 2023 Monthly Bulletin
Monthly Bulletin – March 2023 Volume 10, Number 8 DFPI Takes Possession of Silicon Valley Bank On March 10, the DFPI announced that, pursuant to California Financial Code section 592, it took possession of Silicon Valley Bank, citing inadequate liquidity and... Read MoreRead more about March 2023 Monthly Bulletin