CFPB Monitor

SEPTEMBER 8, 2020

When the bill becomes law, the DBO will be renamed the Department of Financial Protection and Innovation (“DFPI”) and the agency will gain the authority to enforce all California laws relating to “persons offering or providing consumer financial products or services in [the] state.” Below is a high-level overview of the AB-1864.

California 78

California Innovation Regulation Report 78

Lex Sokolin

DECEMBER 23, 2020

The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. the allure of institutional capital is a constant glimmer of greedy, opportunistic hope. As an example, don’t think about Goldman Sachs or JP Morgan who can extend their budget and human capital to defend position.

Regulation 52

Regulation US System Operations 52

Lex Sokolin

DECEMBER 23, 2020

The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. the allure of institutional capital is a constant glimmer of greedy, opportunistic hope. As an example, don’t think about Goldman Sachs or JP Morgan who can extend their budget and human capital to defend position.

Regulation 52

Regulation US System Operations 52