Press Releases
DFPI Report Shows Mortgage Lending Increases, Foreclosure Declines During COVID-19 Pandemic
A new report shows nonbank residential mortgage loans doubled from 2019 to 2020 as more Californians refinanced or obtained new loans in response to lower interest rates.
DFPI Report Shows California Payday Loan Activity Significantly Declines Amid Pandemic
During an historic pandemic, California’s payday lenders made fewer than 6.1 million loans in 2020, representing a 40 percent decline in loans from 2019. Read more …
DFPI Moves to Revoke PACE Administrator’s License After Finding Its Solicitor Defrauded Homeowners
The DFPI today announced it has moved to revoke the PACE Administrator license of Renovate America, Inc. (Renovate) after finding its solicitor defrauded homeowners. Read more…
After National Search, the DFPI Hires ‘Fintech’ Legal Expert to Lead New Financial Technology and Innovation Office
The DFPI announced today it has hired Christina Tetreault to lead the new Office of Financial Technology and Innovation. Read more…
DFPI Announces Members of New Debt Collection Advisory Committee
The DFPI today announced the formal creation of its inaugural debt collection advisory committee, a seven-member board that will provide critical feedback to the Department as it stands up its debt collection licensing program. Read more …
Lambda School Reaches Settlement with DFPI, Agreeing to End Deceptive Educational Financing Practices
The DFPI today finalized a settlement with San Francisco-based Lambda, Inc. which removes deceptive language from Lambda School’s student contracts. Read more …
During Inaugural Economic Equity Conference, DFPI Unveils Findings of Diversity in State Banking Survey
The DFPI calls on Financial Leaders to Develop Strategies for Inclusive Economic Recovery. Read more …
DFPI Reminds Debt Collectors, Mortgage Lenders and Servicers about COVID-19 Renter and Homeowner Protections
The DFPI issues a reminder to future debt collector licensees and existing mortgage lenders and servicers about protections for California renters and homeowners during the pandemic.
DFPI Accepting Applications for Second Round of CalMoneySmart Grants
The California Department of Financial Protection and Innovation (DFPI) is now accepting applications for its CalMoneySmart Grant Program. Read more …
DFPI Sanctions Former PACE Solicitor Under California’s New Consumer Financial Protection Law
The DFPI today permanently barred James Jacob Berry and any company he owns or controls from seeking future enrollment as a PACE solicitor’s agent or PACE solicitor. Read more…
California DFPI Continues to Expand Consumer Protection Efforts during the COVID-19 Pandemic
The Department of Financial Protection and Innovation continues to expand efforts to protect consumers from financial impacts of the lethal virus.
California Applauds Appointment of U.S. Education Secretary Cardona and Joins States in Asking for Better Student Loan Protections
The Department of Financial Protection and Innovation joins financial regulators across the country to congratulate newly-confirmed Education Secretary Miguel Cardona and invited him to partner with states in protecting student loan borrowers.
Press Release Contact
Contact:
Mark Leyes
Mark.Leyes@dfpi.ca.gov
Maria Luisa Cesar
marialuisa.cesar@dfpi.ca.gov
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