Featured News and Updates
Press Release
California Joins $80 Million Enforcement Action Against Block, Inc., Cash App for BSA/AML Violations
The DFPI and 47 state financial regulatory agencies have taken coordinated action against Block, Inc., for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
Consumer Insights
Top 4 scams that target young adults
Jan 17, 2025
Young adults (ages 20-29) fall victim to more scams and fraud than any other age group.
Alerts
Be Vigilant Against Scams and Unlawful Activities Seeking to Exploit Heightened Economic Anxieties Resulting from Wildfires
Jan 21, 2025
Be Vigilant Against Scams and Unlawful Activities Seeking to Exploit Heightened Economic Anxieties Resulting from Wildfires.
Alerts
DFPI Imposter Asking for Account Information to “Disburse Victim Funds”
Nov 18, 2024
The California Department of Financial Protection and Innovation (DFPI) has received information about scammers fraudulently claiming to be from the “Department of Financial Protection and Innovation”, using the email address [email protected].
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Industry Updates
Important Notices
Proclamation of an Extraordinary Situation – DFPI Proclamation – 1/8/25
Jan 8, 2025
WHEREAS on January 7, 2025, Governor Gavin Newsom proclaimed that a state of emergency did then exist in Los Angeles and Ventura Counties of California due to extreme fire and windstorm conditions; and
Press Release
California Joins Multi-State $17 Million Settlement with Broker-Dealer Edward D. Jones
Jan 15, 2025
The California Department of Financial Protection and Innovation (DFPI) announced it has joined a $17 million multi-state settlement with investment adviser and broker-dealer, Edward D. Jones & Co., L.P. (Edward Jones).
Press Release
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by the California Wildfires and Straight-line Winds
Jan 14, 2025
The California Department of Financial Protection and Innovation, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the California wildfires and straight-line winds on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.
Monthly Bulletin
Monthly Bulletin – December 2024
Dec 16, 2024
- Commissioner Hewlett to retires
- New State Laws That May Affect DFPI Licensees
- DFPI Exam Rate Increase in 2025
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