Press Releases
Department of Financial Protection and Innovation Secures Reimbursements for Victims of Eco Tech PACE Fraud
November 2, 2020
SAN FRANCISCO – The Department of Financial Protection and Innovation (DFPI) has helped 22 California homeowners receive financial reimbursements and remove property tax liens …
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 …
Press Release Contact
Contact:
Mark Leyes
Mark.Leyes@dbo.ca.gov
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