How We Protect Consumers
Consumer Education
We provide information and resources to give consumers the tools to make smart financial decisions. Learn about your rights as a borrower and plan for the future.
Regulation
We regulate a wide variety of financial services, products, and professionals in California. In 2020, our mission broadened to include emerging markets and financial innovations.
Enforcement
Violators are held responsible through actions, orders, and administrative hearings. We also publish consumer alerts to alert the public to fraudulent activity.
News and Updates
The California Department of Financial Protection and Innovation (DFPI) announced today a consent order with San Francisco-based, Patelco Credit Union (Patelco) for cybersecurity violations.
The DFPI and 47 state financial regulatory agencies have taken coordinated action against Block, Inc., for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
The California Department of Financial Protection and Innovation (DFPI) announced it has joined a $17 million multi-state settlement with investment adviser and broker-dealer, Edward D. Jones & Co., L.P. (Edward Jones).
The California Department of Financial Protection and Innovation, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the California wildfires and straight-line winds on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.
Today, California and 52 state financial regulatory agencies announced a coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that impacted 5.8 million customers.
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600+
ENFORCEMENT ACTIONS in 2023
500,000+
Regulated companies and professionals
13,800
Consumer Complaints RECEIVED in 2023
Department of Financial Protection and Innovation
About the DFPI
The California Department of Financial Protection & Innovation is dedicated to helping California consumers. We believe innovation can exist alongside fair and honest business practices.
Gavin Newsom
KC Mohseni
Commissioner, Department of Financial Protection and Innovation