DFPI News
Introducing Our New Partner: Fresno Area Hispanic Foundation Joins CalMoneySmart to Empower Latinx Communities
In celebration of Latino Heritage Month (September 15 to October 15), also known as National Hispanic Heritage Month, the DFPI recognizes the work of our Spanish language and Latino community outreach partners.
September 2023 Monthly Bulletin
- DFPI Launches $7.25 Million Student Loan Empowerment Project Grant Program
- Student Loan Repayment Restart Webinar
- Financial Education Webinar Series
DFPI Moves to Halt $11.8 Million Stockton-Based Securities Fraud Targeting Tongan Community
The DFPI announced today that it has ordered Tilila Siola’a Walker-Sumchai of Stockton, California, and four entities under her control to desist and refrain from an alleged securities fraud scheme targeting Tongan communities across California.
July 2023 Monthly Summary of Financial Institution Pending Applications
Summary of Pending Applications as of July 2023 is available.
DFPI Launches $7.25 Million Grant Program to Support Californians with Student Loans
The DFPI announced today the launch of the Student Loan Empowerment (SLE) Project, a new $7.25 million grant program that will support nonprofit organizations delivering education, counseling, and legal assistance programs for Californians with student loans.
August 2023 DFPI Consumer Connection
- Watch Out for Crypto Affinity Fraud
- What’s in Your Wallet? Tips for Keeping Digital Assets Safe
- Personal Finance for Couples: Managing Joint Finances
DFPI Awards Nearly $2 Million in Grants for Financial Education and Empowerment Programs
DFPI announced nearly $2 million in CalMoneySmart grants to 15 nonprofit organizations across California, expanding the reach of the program to 28 counties, the largest number to date.
August 2023 Monthly Bulletin
- Cybersecurity Threat Briefing
- IT System Survey for Banks, CUs
- Crypto HYIP Enforcement Actions
Personal Finance for Couples: Managing Joint Finances
Joint financial decisions as a couple demand clear communication and compromise. Dive into budget basics, decide whether to merge or keep finances separate, explore tax implications, and learn the significance of estate planning.
What’s in Your Wallet? Tips for Keeping Digital Assets Safe
While digital wallets and payment apps offer convenience, they also present risks like hidden fees and potential provider failure. This article provides tips on asset protection, urging users to research providers, enhance security, and exercise transaction caution, along with advice on reporting suspected fraud.
June 2023 Monthly Summary of Financial Institution Pending Applications
Summary of Pending Applications as of June 2023 is available.
DFPI Continues Actions To Protect Investors from Crypto Scams
The Commissioner of the DFPI announced today that she has issued desist and refrain orders against three different entities for violations of California securities laws.
California Joins Multi-State Group to Recoup Overcharges for Investors in Commodity Firm Lear Capital Bankruptcy
The DFPI announced today that investors that purchased retail precious metals from Los Angeles based Lear Capital, Inc. will receive compensation as a part of Lear’s bankruptcy plan.
July 2023 Monthly Bulletin
- 2023-24 Assessment Rates for Financial Institutions
- IT System Survey for Banks, CUs
- Credit Union Mortgage Insurance Requirements
Investor Alert: False Crypto Bankruptcy Website
The DFPI has been notified that a person falsely claiming to be the CEO of Voyager Digital is sending letters directing consumers to access a website not affiliated with the Voyager Digital.