Contact us at (949) 353-6347

    A Rash Of License Impersonators?

    In the last several weeks, California's Department of Financial Protection and Innovation (fka the Department of Business Oversight) has issued a number of consumer alerts involving companies fraudulently claiming to hold a DFPI license.  For...

    Department of Business Oversight, Department of Financial Protection and Innovation

    DFPI's Suit Against PHEA Finds No Purchase

    The California Student Loan Servicing Act (the "CSLSA") requires all student loan servicers that service student loans in California to be licensed by the California Department of Financial Protection and Innovation (fka the Department of Business...

    Department of Business Oversight, Department of Financial Protection and Innovation

    Does California's New Consumer Financial Protection Law Apply To SEC Registered Investment Advisers?

    As has been previously noted, California's Governor recently signed  AB 1864 (2020 Cal. Stats. Ch. 157) into law (aka the "California Consumer Financial Protection Law").  Broadly speaking, this new law will bestow new regulatory authority on the...

    Department of Business Oversight, Investment Advisers

    DBO RIP July 1, 2013 to January 1, 2021

    It is now official.  Governor Newsom has signed AB 1864

    Department of Business Oversight

    Is The CSL (Over)Due For A Makeover?

    One of the first registered public offerings that I worked on was for a small technology company.  The lead underwriter was a regional investment banking firm.  Although he had considerably more experience in securities law than me, the...

    California Securities Laws, Department of Business Oversight, Department of Corporations

    What's In A Name?  A Lot Of Pain

    For most of the 20th Century, the state agency charged with the administration and enforcement of California's securities laws was known as the Department of Corporations.  In 2012, then Governor Jerry Brown proposed a plan of reorganization, which...

    Department of Business Oversight

    Business Identity Theft On The Web

    Nine years ago, I wrote about business identity theft.  The problem has not gone away.  Earlier this week, California's Department of Business Oversight issued a warning about company that is impersonating itself as a licensed lender in order to...

    Department of Business Oversight

    What Would Willie Sutton Say?

    In August 2019, I never would have imagined that a banking regulator would be required customers to wear masks.  In today's changed world, banking regulators are doing just that.  The California Department of Business Oversight in its August monthly...

    Banking and Financial Institutions, Department of Business Oversight

    DBO Warns That It Will Be Monitoring Face Covering Compliance

    "How many then should cover that stand bare!"

    Department of Business Oversight

    1 2 3