DFPI, FTC Take Down Multimillion-Dollar Mortgage Assistance Scam that Preyed on Struggling Homeowners
The DFPI announced today that, in partnership with the Federal Trade Commission (FTC), it has secured a key consumer protection victory for struggling homebuyers.
California Secures $1.5 Million Multistate Securities Settlement Against Crypto Platform TradeStation
The DFPI announced a consent order with TradeStation Crypto, Inc. to resolve the DFPI’s securities investigation into TradeStation’s crypto interest-earning program.
The DFPI announced today that it has issued a consent order against Credova Financial, LLC. The order is part of an effort to protect consumers from hidden fees using the California Consumer Financial Protection Law (CCFPL).
On December 4, 2023, Judge R. Gary Klausner granted the Department of Financial Protection and Innovation’s Motion for Summary Judgment in the case Small Business Finance Association v. DFPI.
DFPI, CFPB, and Multiple States Announce Stipulated Final Judgment with Prehired in Action for Unlawful Student Lending Practices
The DFPI announced today that the U.S. Bankruptcy Court for the District of Delaware has approved a joint Stipulated Final Judgment in the Chapter 7 bankruptcy case of Prehired, LLC and its related entities (Prehired).
The DFPI announced today it is seeking public comment prior to engaging in formal rulemaking for the new Digital Financial Assets Law (DFAL), which was signed into law by Governor Gavin Newsom on Oct. 13, 2023.
DFPI Joins Multiple States, Provinces In Taking Action Against GSPartners for Fraudulent Crypto Investment Scheme
The DFPI announced today that it has issued a desist and refrain order against GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold Standard Corporation AG (collectively, GSPartners) for violations of California securities laws.
The California Department of Financial Protection and Innovation (DFPI) announced today that it has signed a consent order with F45 Training, Inc. for violations of the Franchise Investment Law.
The DFPI announced today that it has joined a multi-state settlement with precious metals dealer True Bullion, LLC dba Gold Silver International Exchange dba GSI Exchange and its Senior Partner, Anthony Allen Anderson (collectively, GSI).
DFPI, CFTC, 29 State Regulators Reach Settlement with Safeguard Metals in $68 Million Fraud Targeting Elderly Adults
The DFPI today announced that, in partnership with the U.S. Commodity Futures Trading Commission (CFTC) and 29 other state regulators, the parties have reached a settlement with precious metals dealer Safeguard Metals, LLC and Jeffrey Ikahn in a federal lawsuit.
In a continuation of a yearlong crackdown on unscrupulous debt collectors, the DFPI announced today that it has issued enforcement actions against four entities for unlicensed debt collection activity.
State Regulators Settle with ACI Payments, Inc. for Unauthorized Transactions from Mr. Cooper Customer Accounts
The DFPI and 43 other state agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by Mr. Cooper.
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