California Legislature Passes AB-1864 Setting the Stage for the “Department of Financial Protection and Innovation” and the California Consumer Financial Protection Law
CFPB Monitor
SEPTEMBER 8, 2020
This will include entities that are not currently subject to DBO oversight, and who previously were not subject to oversight by a primary regulator, notably debt collectors, credit reporting agencies, certain fintech companies – including some who offer point-of-sale financing – and some merchants who extend credit directly to consumers.
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