Press Releases

The DFPI announced it has taken enforcement actions against three companies to prevent them from unlawfully charging fees for student loan debt relief services to California consumers before any actual work has been performed.

The DFPI announced today that the Superior Court for Los Angeles County has upheld the Digital Financial Assets Law’s landmark consumer protections for users of crypto asset kiosks, commonly known as “Bitcoin ATMs.”

DFPI awards $4 million to community-based organizations for financial education and empowerment programs.

The California Department of Financial Protection and Innovation (DFPI) announced an order revoking the California Financing Law license of Synapse Credit LLC (Synapse Credit).

The DFPI announced today it has entered into a consent order as part of a combined $63 million penalty against La Jolla-based Silvergate Bank and its holding company.

The statewide Student Loan Empowerment Network (SLE Network) connects California student loan borrowers to community-based organizations for help understanding their student loans, obtaining legal aid, and putting them on a path toward economic mobility.

The DFPI announced today the launch of its new Investor Center, a website dedicated to promoting financial literacy, investor resources, and collaborative education in partnership with nonprofits, educators, and community-based organizations.

The DFPI today released its 2023 report outlining significant increases in investigations, public actions, and consumer outreach efforts under the California Consumer Financial Protection Law (CCFPL).

MOHELA will pay penalties for failing to provide timely access to borrower data so the DFPI can reach borrowers whose deadline to qualify for debt relief is April 30.

The California Department of Financial Protection and Innovation (DFPI) announced today it is now accepting applications for CalMoneySmart Grant Program.

DFPI announced today that it has entered into a Consent Order with Sigue Corporation to cease all money transmission activity in California and cooperate with consumers seeking refunds.

The California Department of Financial Protection and Innovation (DFPI) announced today that it has entered into a consent order with San Francisco-based Chime Financial, Inc. (Chime).