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May 2022 Monthly Bulletin
- Governor Newsom Signs Blockchain Executive Order
- DFPI Shares Success in Implementation of New Consumer Protection Law
- Some Escrow Reports Due May 16
May 2022 DFPI Consumer Connection
- Public Service Loan Forgiveness – What You Need to Know
- DFPI Offers New Online Student Borrower Resources
- DFPI Recognizes Memorial Day & National Military Appreciation Month
March 2022 Monthly Summary of Financial Institution Pending Applications
Summary of Pending Applications as of March 2022 (PDF) is available.
April 2022 Monthly Bulletin
- Financial Capability Month Event
- Some Escrow Reports Due April 15
- DFPI Reminder of Franchise Renewal Season
April 2022 DFPI Consumer Connection
- Student Loan Borrowers – There’s Help!
- Student Loan Pause Extended to August 31
- Join DFPI’s Free Cyber Fraud Webinar!
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.
DFPI Marks Success in Implementation of the California Consumer Financial Protection Law
The DFPI announced it has collected close to $1 million in restitution for consumers, fielded hundreds of additional complaints related to the law, and launched more than 100 investigations using its expanded authority under the California Consumer Financial Protection Law (CCFPL).
Are you our Next Grantee? The DFPI Begins Accepting Applications for up to $200,000 CalMoneySmart Grants
The DFPI is now accepting applications for its CalMoneySmart Grant Program, which will award a total of $2 million this year to nonprofits providing free financial empowerment programs for unbanked and underbanked consumers in California.
DFPI Sues to Stop $68 Million Precious Metals and Coin Fraud Targeting Elderly
As part of a nationwide effort, the DFPI, in partnership with the federal Commodity Futures Trading Commission (CFTC) and 26 other state regulators, filed a federal lawsuit against a precious metals dealer and its owner for perpetrating a $68 million fraudulent scheme that targeted the elderly.
Los Angeles-based Rent-to-Own Furniture Startup Agrees to Refund Overcharges and Comply with Consumer Protection Laws
In its first action against a rent-to-own firm violating the California Consumer Financial Protection Law (CCFPL), the DFPI today finalized a settlement with Los Angeles-based rent-to-own furniture provider Fernished, Inc., doing business as Fernish.
Romance Scams and Cryptocurrency – Fact or Fraud?
- Crypto Romance Scams – How They Work
- How to Protect Yourself
Voluntary Suspension of Operations
The Department of Financial Protection and Innovation (DFPI) has been notified that Moneydart Global Services Inc. has voluntarily suspended all money transmission operations in California effective December 15, 2020, through September 30, 2022.
Scesi.com (formerly SCinvesting.com) is Fraudulently Posing as California-licensed, Broker-Dealer Seedchange Execution Services Inc.
The California Department of Financial Protection and Innovation (DFPI) has received information that the website Scesi.com (formerly SCinvesting.com) is marketing itself as …
Imposter Using Fake DFPI Form to Collect Information and Payment
The California Department of Financial Protection and Innovation (DFPI) has been notified that an entity is using an unofficial form, designed to appear as a legitimate escrow form, to pose as the DFPI to collect an individual’s information and payment.
M-Financial Group is Fraudulently Posing as a California-licensed lender
The DFPI has received information that the company M-Financial Group, LLC is fraudulently marketing itself as a finance lender in California.
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