2019 Press Release

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 …

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.

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…