Press Releases Stronger Financial Protections on the way for California Consumers September 25, 2020 With Governor Gavin Newsom’s signing of AB 1864, the California’s Department of Business Oversight (DBO) expands its authority as a premier financial regulator and national model for consumer protection… Department of Business Oversight Sues to Stop $185 Million Coins Scam that Targeted Senior Citizens September 25, 2020 Part of a nationwide enforcement action to disrupt a fraudulent precious metals scheme that preyed on the elderly, the California Department of Business Oversight (DBO) announced today… DBO Awards Nearly $1 Million in Grants for Financial Education and Empowerment Programs September 21, 2020 The California Department of Business Oversight (DBO) today announced the award of nearly $1 million in CalMoneySmart grants to 12 nonprofit organizations… California PACE Contracts Exceeded $362 million in 2019 September 10, 2020 California’s residential PACE program executed 12,335 home improvement contracts worth more than $362 million in 2019… Installment Consumer Lending by California Nonbanks Increased 68 percent in 2019 September 9, 2020 Installment consumer lending by nonbanks in California increased more than 68 percent, to more than $57 billion in 2019… DBO Launches Investigation Into Possible Evasion of California’s New Interest Rate Caps By Prominent Auto Title Lender, LoanMart September 3, 2020 The California Department of Business Oversight (DBO) today launched a formal investigation into whether prominent auto title lender Wheels Financial Group, LLC, which… California Department of Business Oversight Sees Sharp Increase in Consumer Complaints and Inquiries Since COVID-19 Onset July 29, 2020 The California Department of Business Oversight (DBO) has experienced a more than 40 percent increase in consumer complaints, calls and inquiries… California Department of Business Oversight Files Order to Ban Encino Company from PACE Industry May 27, 2020 The California Department of Business Oversight (DBO) today filed an order to ban from the Property Assessed Clean Energy (PACE) industry an Encino company that allegedly engaged in … California Department of Business Oversight Launches $4 Million Grant Program to Fund Financial Education and Empowerment Programs May 19, 2020 The California Department of Business Oversight (DBO) today announced the launch of CalMoneySmart, a new $4 million grant … California Provides Expansion of Student Loan Relief: Most Private Loan Servicers Agree to Help April 23, 2020 The California Department of Business Oversight (DBO) today announced that most private student loan servicers have agreed to provide… Point-of-Sale Lender QuadPay Agrees to Cease Illegal Loans, Pay Refunds in Settlement with the California Department of Business Oversight April 22, 2020 The California Department of Business Oversight (DBO) today announced a settlement with point-of-sale lender QuadPay … Attorney General Becerra and Commissioner of Business Oversight Alvarez Issue Investor Alert About Investment Scams Related to COVID-19 April 7, 2020 California Attorney General Xavier Becerra and California Commissioner of Business Oversight Manuel P. Alvarez today issued an alert… « Older Entries Press Release ContactContact: Mark LeyesMark.Leyes@dbo.ca.gov Press Release Archive Most Recent Press Releases Press Releases 2019 Press Releases 2018 Press Releases 2017 Press Releases 2016 Press Releases 2015 Press Releases 2014 Press Releases 2013 Press Releases 2009 - 2013 (Dept of Corporations) Press Releases 2001 - 2013 (Dept of Financial Institutions) Key Consumer Links Consumer Alerts Consumer Advisories Search for DFPI Licensees Licensees and Industries Regulated by the DFPI Actions, Orders and Administrative Hearing Decisions File a complaint Submit a Public Records Request Last updated: Jun 29, 2020 @ 11:47 am
Stronger Financial Protections on the way for California Consumers September 25, 2020 With Governor Gavin Newsom’s signing of AB 1864, the California’s Department of Business Oversight (DBO) expands its authority as a premier financial regulator and national model for consumer protection…
Department of Business Oversight Sues to Stop $185 Million Coins Scam that Targeted Senior Citizens September 25, 2020 Part of a nationwide enforcement action to disrupt a fraudulent precious metals scheme that preyed on the elderly, the California Department of Business Oversight (DBO) announced today…
DBO Awards Nearly $1 Million in Grants for Financial Education and Empowerment Programs September 21, 2020 The California Department of Business Oversight (DBO) today announced the award of nearly $1 million in CalMoneySmart grants to 12 nonprofit organizations…
California PACE Contracts Exceeded $362 million in 2019 September 10, 2020 California’s residential PACE program executed 12,335 home improvement contracts worth more than $362 million in 2019…
Installment Consumer Lending by California Nonbanks Increased 68 percent in 2019 September 9, 2020 Installment consumer lending by nonbanks in California increased more than 68 percent, to more than $57 billion in 2019…
DBO Launches Investigation Into Possible Evasion of California’s New Interest Rate Caps By Prominent Auto Title Lender, LoanMart September 3, 2020 The California Department of Business Oversight (DBO) today launched a formal investigation into whether prominent auto title lender Wheels Financial Group, LLC, which…
California Department of Business Oversight Sees Sharp Increase in Consumer Complaints and Inquiries Since COVID-19 Onset July 29, 2020 The California Department of Business Oversight (DBO) has experienced a more than 40 percent increase in consumer complaints, calls and inquiries…
California Department of Business Oversight Files Order to Ban Encino Company from PACE Industry May 27, 2020 The California Department of Business Oversight (DBO) today filed an order to ban from the Property Assessed Clean Energy (PACE) industry an Encino company that allegedly engaged in …
California Department of Business Oversight Launches $4 Million Grant Program to Fund Financial Education and Empowerment Programs May 19, 2020 The California Department of Business Oversight (DBO) today announced the launch of CalMoneySmart, a new $4 million grant …
California Provides Expansion of Student Loan Relief: Most Private Loan Servicers Agree to Help April 23, 2020 The California Department of Business Oversight (DBO) today announced that most private student loan servicers have agreed to provide…
Point-of-Sale Lender QuadPay Agrees to Cease Illegal Loans, Pay Refunds in Settlement with the California Department of Business Oversight April 22, 2020 The California Department of Business Oversight (DBO) today announced a settlement with point-of-sale lender QuadPay …
Attorney General Becerra and Commissioner of Business Oversight Alvarez Issue Investor Alert About Investment Scams Related to COVID-19 April 7, 2020 California Attorney General Xavier Becerra and California Commissioner of Business Oversight Manuel P. Alvarez today issued an alert…
