The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Chapter  157 of 2020 (AB  1864, Lim ón) —known as the California Consumer Financial Protection Law —broadened DFPI ’s authority in various ways beginning January 1, 2021. For example, previously, the department was authorized to oversee only those companies that fell under a limited list of entities, such as banks, escrow agents, and brokers.
https://lao.ca.gov/Publications/Report/5025

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Instead, the Legislature passed Chapter  157 of 2020 (AB  1864, Lim ón) to implement a modified version of the legislation. The major changes in Chapter  157 include (1)  changing DBO ’s name to the Department of Financial Protection and Innovation (DFPI), (2)  authorizing DFPI to promulgate regulations requiring a registration process for businesses offering
https://lao.ca.gov/Publications/Report/4277

The 2021-22 Budget: Funding for Debt Collector Licensing and Regulation

Feb 17, 2021 - Chapter   157 o f 2020 (A B  1864 , Lim ón) —known as the California Consumer Financial Protection Law (CCFPL) —broadens DFPI ’s authority in various ways beginning January  1, 2021. For example, the legislation allows DFPI to promulgate regulations to require entities providing financial products or services to California consumers to register with the department.
https://lao.ca.gov/Publications/Report/4376