Consumer Resources

The DFPI today announced that New Jersey-based crypto lending platform BlockFi Lending LLC (BlockFi) agreed to direct its servicer to provide Californians more than $100,000 in refunds, subject to the bankruptcy court’s approval.

Beware of debt relief companies promising to reduce student loan payments for a fee, as the services they offer are often available for free and seeking help from the Department of Financial Protection and Innovation is crucial.

By filing taxes accurately and on time, you can avoid penalties and interest charges, while potentially qualifying for tax credits and deductions that can help maximize your tax savings. Furthermore, the process of filing taxes prompts you to review your income, expenses, and investments, providing valuable insights into your financial health and opportunities for improvement.

The DFPI has received information that the website CALFCB.COM claims to be associated with the bank “First Credit Bank”. This is a practice commonly called “spoofing” where an imposter creates a fake website claiming to be a legitimate entity.

The DFPI is conducting a comprehensive review of the department’s oversight and regulation of Silicon Valley Bank and will issue a report by early May 2023.

The deposits made today into California-chartered First Republic Bank by 11 large banks underscores the importance of regional banks in our banking system. Regional banks provide vital banking services relied upon by communities across California.