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August 2022 Monthly Bulletin

  • J. Elizabeth Smith Appointed as Deputy Commissioner of Communications
  • Jeanette Quick Appointed as Deputy Commissioner of Investor Protection
  • Crypto Asset-Related Products and Services Survey for Banks, Credit Unions, and Trust Cos.

Buy Now, Pay Later Company Agrees to Cease Illegal Loans, Pay Refunds in Settlement

The DFPI has entered a settlement with Florida-based point-of-sale lender Four Technologies, Inc., in which the company has agreed to stop making loans, pay $2,500 in penalties, get a license, and refund $13,065 in illegal fees.

DFPI Awards Nearly $2 Million in Grants for Financial Education and Empowerment Programs

The DFPI today announced the award of nearly $2 million in CalMoneySmart grants to nonprofit organizations throughout California to support free financial education and empowerment programs, including web and classroom-based content and individualized coaching, for unbanked and underbanked consumers.

DFPI continues to bring actions against crypto interest account providers

On August 8, 2022, the DFPI issued an order finding that Celsius Network and its CEO, Alex Mashinsky, made material misrepresentations and omissions in the offer of crypto interest accounts, particularly in understating the risks of depositing digital assets with Celsius.

August 2022 Monthly Bulletin

  • J. Elizabeth Smith Appointed as Deputy Commissioner of Communications
  • Jeanette Quick Appointed as Deputy Commissioner of Investor Protection
  • Crypto Asset-Related Products and Services Survey for Banks, Credit Unions, and Trust Cos.

August 2022 DFPI Consumer Connection

  • DFPI & AARP Host New Webinar Series for Senior Citizens Day
  • Financial Education Is Key for National Financial Awareness Day
  • DFPI to Co-Lead California Student Debt Challenge

July 2022 Monthly Bulletin

  • Student Loan Borrower Campaign Gains 2022-23 Budget Funding
  • DFPI Student Loan Borrower Webinars
  • DFPI’s Commercial Financing Disclosure Regulations Extended to Small Businesses

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.

Beware of Fake Debt Collectors!

The Department has seen an increase in complaints involving fake debt collectors attempting to collect on false debts. We have provided some simple steps to avoid falling victim to a debt collection scam.

Last updated: Jun 23, 2022 @ 9:04 am