DFPI Statement: Comprehensive Review of Oversight and Regulation of Silicon Valley Bank
The DFPI is conducting a comprehensive review of the department’s oversight and regulation of Silicon Valley Bank and will issue a report by early May 2023.
DFPI Statement: First Republic Bank
The deposits made today into California-chartered First Republic Bank by 11 large banks underscores the importance of regional banks in our banking system. Regional banks provide vital banking services relied upon by communities across California.
California Financial Regulator Takes Possession of Silicon Valley Bank
The DFPI announced today that it has taken possession of Silicon Valley Bank, citing inadequate liquidity and insolvency, and has appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of Silicon Valley Bank.
DFPI Statement: Silvergate Bank to Begin Voluntary Liquidation
The California Department of Financial Protection and Innovation announced today that its licensee, Silvergate Bank, has voluntarily begun the process of liquidation.
DFPI Continues Crackdown on Student Loan Debt Relief Companies
The DFPI announced today that it entered into a Consent Order with an unlicensed Orange County student debt relief company, EDU Doc Support, LLC (EDU) and its owner, Hau H. Nguyen (Nguyen).
Don’t Fall Victim to Student Loan Debt Relief Scams
The law prohibits companies from acting in unlawful, unfair, deceptive, or abusive ways, and the Department of Financial Protection and Innovation is here to help you.
DFPI Guidance Regarding Remote Work
The DFPI, in recognition of the end of the COVID-19 State of Emergency on February 28, 2023, and the status of remote work options, issues the following guidance regarding remote work under the California Residential Mortgage Lending Act (Fin Code, § 50000 et seq., “CRMLA”).
December 2022 Monthly Summary of Financial Institution Pending Applications
February 2023 DFPI Consumer Connection
- Student Loan Debt: A Disproportionate Burden on Black and Latino Borrowers
- Protect Your Heart and Your Wallet from Romance Scams
- Medical Debt Collection – Know Your Rights & Medical Debt
DFPI Launches Scam Tracker to Help the Public Spot Crypto Scams
The Department of Financial Protection and Innovation (DFPI) announced today that it has launched the DFPI Crypto Scam Tracker to help Californians spot and avoid crypto scams.
Protect Your Heart and Your Wallet from Romance Scams
Valentine’s Day is a popular holiday for expressing love and affection, but it’s also a prime time for scammers looking to take advantage of unsuspecting victims.
Student Loan Debt: A Disproportionate Burden on Black and Latino Borrowers
Millions of Americans are affected by the student debt crisis, but Black and Latino families have been hit particularly hard.
Medical Debt Collection – Know Your Rights
Before paying a debt collector with possible fake claims or paying expensive penalties, it’s crucial to get informed about debt collection laws and options. If you are a California consumer with a medical bill sent to a debt collector, learn more about your rights.
February 2023 Monthly Bulletin
- Purvi Patel Appointed as Deputy Commissioner for Credit Unions
- DFPI Continues Crackdown on Debt Collection Scams
- Some Escrow Reports Due Feb. 13
Website https://haydencapitalmgt.com/ is Fraudulently Posing as a California-licensed Investment Adviser
The California Department of Financial Protection and Innovation (DFPI) has received information that the website https://haydencapitalmgt.com/ is fraudulently marketing itself as a licensed Investment Adviser.