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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.

DFPI Efforts Spur Participation in Mortgage Relief Program Funded by U.S. Treasury

Following the announcement from Gov. Gavin Newsom of the approval by the U.S. Treasury to provide $1 billion in mortgage relief grants to homeowners, the DFPI highlights efforts that spurred participation in the program and helped forge a national model to protect homeowners impacted by the COVID-19 pandemic.

December 2021 Monthly Bulletin

  • New Student Loan Servicing Ombudsperson Plays Critical Role in Education and Outreach
  • Broker-Dealer/Investment Adviser Renewals Due Soon
  • Debt Collection Advisory Committee Hosts Second Public Meeting

DFPI Reaches Agreement to End High-Interest Rate Loans Marketed by LoanMart for 21 Months

The California Department of Financial Protection and Innovation (DFPI) today announced it reached an agreement with Los Angeles-based LoanMart that prohibits the company from marketing or servicing automobile title loans with rates greater than 36 percent in California.

December 2021 Monthly Bulletin

  • New Student Loan Servicing Ombudsperson Plays Critical Role in Education and Outreach
  • Broker-Dealer/Investment Adviser Renewals Due Soon
  • Debt Collection Advisory Committee Hosts Second Public Meeting

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.

November 2021 Monthly Bulletin

  • Clothilde “Cloey” Hewlett Appointed As New DFPI Commissioner
  • NMLS Licensees Advised to Renew by Nov. 30
  • New DFPI Consumer Financial Protection Division Webpage

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.

Last updated: Jan 10, 2022 @ 10:07 am