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Monthly Summary of Financial Institution Pending Applications – October 2020
Bank Application
New Banks – Filed: 2, Approved: 1
Conversion to State Chartered Bank – Withdrawn: 1
Acquisition Of Control – Filed: 1, Approved: 2
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Unlicensed Companies fraudulently purporting to be DFPI-licensed Investment Advisors Lifetime Capital Inc. (Lifetime Paradigm) and Daniel Cory Payne
November 10, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that entities, possibly existing outside the U.S., are claiming …
November 2020 Monthly Bulletin
Volume 8, Number 4 – November 2020
CCFPL Listening Sessions with Industry Partners
Some Escrow Reports Due Nov. 13
Broker-Dealer/Investment Adviser Renewals Due Soon
Department of Financial Protection and Innovation Secures Reimbursements for Victims of Eco Tech PACE Fraud
November 2, 2020
SAN FRANCISCO – The Department of Financial Protection and Innovation (DFPI) has helped 22 California homeowners receive financial reimbursements and remove property tax liens …
SCinvesting.com is Fraudulently Posing as California-licensed, Broker-Dealer Seedchange Execution Services Inc.
October 29, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that the website SCinvesting.com is marketing itself as …
Department of Financial Protection and Innovation Secures Reimbursements for Victims of Eco Tech PACE Fraud
November 2, 2020
SAN FRANCISCO – The Department of Financial Protection and Innovation (DFPI) has helped 22 California homeowners receive financial reimbursements and remove property tax liens …
Stronger Financial Protections on the way for California Consumers
September 25, 2020
With Governor Gavin Newsom’s signing of AB 1864, the California’s Department of Business Oversight (DBO) expands its authority as a premier financial regulator and national model for consumer protection…
Department of Business Oversight Sues to Stop $185 Million Coins Scam that Targeted Senior Citizens
September 25, 2020
Part of a nationwide enforcement action to disrupt a fraudulent precious metals scheme that preyed on the elderly, the California Department of Business Oversight (DBO) announced today…
DBO Awards Nearly $1 Million in Grants for Financial Education and Empowerment Programs
September 21, 2020
The California Department of Business Oversight (DBO) today announced the award of nearly $1 million in CalMoneySmart grants to 12 nonprofit organizations…
California PACE Contracts Exceeded $362 million in 2019
September 10, 2020
California’s residential PACE program executed 12,335 home improvement contracts worth more than $362 million in 2019…
Unlicensed Companies fraudulently purporting to be DFPI-licensed Investment Advisors Lifetime Capital Inc. (Lifetime Paradigm) and Daniel Cory Payne
November 10, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that entities, possibly existing outside the U.S., are claiming …
SCinvesting.com is Fraudulently Posing as California-licensed, Broker-Dealer Seedchange Execution Services Inc.
October 29, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that the website SCinvesting.com is marketing itself as …
Website CreditEnrollmentCenter.net Fraudulently Claiming DFPI License
October 19, 2020
The Department of Financial Protection and Innovation (DFPI) has been notified that the website CreditEnrollmentCenter.net lists DFPI lending license number …
Prestige ESR Service, LLC Fraudulently Posing as California-licensed Escrow Company, Prestige Escrow Inc.
October 15, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that a company calling itself “Prestige ESR Service LLC” is using …
Paisa Financial, a member of Fit Financial Group Inc., is fraudulently using the Nationwide Mortgage Licensing System (NMLS) number 76988, which belongs to DBO-licensee Bay Equity LLC
September 28, 2020
The Department of Business Oversight (DBO) has been notified that an entity known as “Paisa Financial” is mailing…
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