California’s new consumer financial protection law
The California Consumer Financial Protection Law changes the name of the Department of Business Oversight and expands UDAAP and enforcement authority.
DBO reports installment lending by CA nonbanks increased 68% in 2019
The annual report covers the 2019 operations of finance lenders, brokers, and Property Assessed Clean Energy program administrators licensed under the California Financing Law.
DBO investigates auto title lender over out-of-state bank partnership
The California Department of Business Oversight announced a formal investigation into a California auto title lender to determine whether the lender is evading state interest rate caps through a recent partnership with a Utah-based bank.
Georgia adds installment lender and branch approval licenses to NMLS
New applicants and existing licensees may now make submissions for Georgia Department of Banking and Finance licenses directly through NMLS.