Federal Court Upholds DFPI Protections For Small Businesses
December 5, 2023 10:31 pmSACRAMENTO — On December 4, 2023, Judge R. Gary Klausner granted the Department of Financial Protection and Innovation’s Motion for... View Article
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DFPI Joins Multiple States, Provinces In Taking Action Against GSPartners for Fraudulent Crypto Investment Scheme
November 16, 2023 4:00 pmSACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued a desist and... View Article
7th Cir. Rejects CAFA Removal Under ‘Internal-Affairs’ and ‘Home-State Controversy’ Exceptions
October 10, 2023 7:06 pmThe U.S. Court of Appeals for the Seventh Circuit recently held that a putative class action removed to federal court... View Article
California DFPI and CFTC Unite to File $21 Million Lawsuit Against Regal Assets for Targeting Retirement Savings
October 1, 2023 3:31 pmSACRAMENTO – The California Department of Financial Protection and Innovation (DFPI), in partnership with the federal Commodity Futures Trading Commission... View Article
Congressional Republicans Receive Banking And Credit Union Trade Association Support For Legislation To Overturn The CFPB’s Section 1071 Final Rule
September 26, 2023 11:11 pmBy Joseph Reilly, Lori Sommerfield & Chris Willis on September 21, 2023 POSTED IN ALL ENTRIES, CONSUMER FINANCIAL PROTECTION BUREAU... View Article
DFPI Moves to Halt $11.8 Million Stockton-Based Securities Fraud Targeting Tongan Community
September 24, 2023 12:31 pmSACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has ordered Tilila Siola’a Walker-Sumchai... View Article
Higher for Longer Means Tougher for Longer for FinTechs
September 23, 2023 10:37 pm| The Federal Reserve said last week that higher interest rates could stick around. As The Wall Street reported Sunday (Sept. 24), this “higher... View Article
Kentucky Federal District Court Issues Order Enjoining the CFPB From Enforcing the Small Business Data Collection Rule as to All Companies Effected by the Rule
September 19, 2023 9:18 pmOn September 14th, the Federal District Court for the Eastern District of Kentucky granted the plaintiff’s motion to preliminarily enjoin the CFPB from implementing... View Article
Banks Gear Up For ‘Larger Assault’ On Regulators After CFPB Win
September 14, 2023 10:41 pmBanks eye new avenues to challenge prudential regulators Fifth Circuit factors make trade group suits more attractive Banks typically try... View Article
SEC Sues Phoenix Asset Group For $2.7 Million Debt Buying Fraud
September 13, 2023 11:59 pmBy Ben Miller (Bloomberg Law) — Phoenix Asset Group LLC and its president allegedly conducted a fraudulent securities offering, raising... View Article
