Proposal seeks to increase CA consumer protection and financial innovation
Gov. Newsom’s proposal would include the creation and administration of the California Consumer Protection Law through expansion of the California DBO
California DBO denies point-of-sale lending license application
Related guidance issued after determining the Minnesota-based company had already been making unregulated loans to California consumers in violation of the CFL.
New York proposes state-level increase in consumer finance oversight
Governor Cuomo’s proposal would expand the entities subject to NYDFS’ enforcement authority and harmonize state regulator authority to bring UDAAP actions.