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

Apr 3, 2025 - Chapter  781 of 2023 (SB  401, Lim ón) requires DFPI to regulate digital financial asset transaction kiosks. DFPI is expected to begin licensing under this program on July 1, 2026. Majority of Funding for DFPI Comes from Financial Protection Fund.
https://lao.ca.gov/Publications/Report/5025

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

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 consumer financial
https://lao.ca.gov/Publications/Report/4277