2019 Press Release
DBO Denies Lending License Sought by Unregulated Point-of-Sale Financer and Issues Related Legal Opinion
December 30, 2019
DBO Denies License to Point-of-Sale Lender Sezzle, Cautions Others.
DBO Continues Crackdown on Illegal Loans in Settlement with Auto Title Lender TitleMax of California, Inc.
December 16, 2019
The California Department of Business Oversight (DBO) today finalized a settlement with auto title lender TitleMax of California, Inc., …
October 3, 2019
The California Department of Business Oversight (DBO) today issued guidance to state-chartered financial institutions regarding banking relationships with cannabis-related businesses as more banks and credit unions …
October 1, 2019
The Department of Business Oversight (DBO) announced today that a state judge has granted its request to shut down an alleged investment fraud that collected more than $30 million from illegal land sales and other charges associated …
State and County Agencies Join to Advise Fresno Area Utility Customers of Steps to Avoid Fraud when Going Solar
September 19, 2019
FRESNO – This week, approximately 300,000 electric utility customers in Fresno County will receive a bulletin with steps to take before installing solar on their home…
August 8, 2019
California’s payday loan industry seems to be moving toward larger consumer installment loans over $300 and, in many cases, over $2,500…
Jun 18, 2019
SACRAMENTO – CitiMortgage, Inc. has agreed to pay $7.8 million in overdue interest to more than 94,000 California homeowners under a settlement finalized today with the California Department of Business Oversight (DBO).
Mar 19, 2019
SACRAMENTO – The California Department of Business Oversight (DBO) today filed an action to void loans and revoke the licenses of Fast Money Loan, a prominent Southern California auto title lender, for numerous and repeated violations of the state’s lending laws.
DBO Continues Crackdown on Interest Rate Cap Avoidance Entering Consent Order with California Check Cashing Stores
January 22, 2019
$900,000 Agreement Provides Borrower Refunds, Penalties, Changes in Policies | The DBO finalized a $900,000 settlement with California Check Cashing Stores, LLC…