CA DFPI provides assurance of no action to debt collection license applicants experiencing NMLS delays
CFPB Monitor
DECEMBER 28, 2021
The California Department of Financial Protection and Innovation (DFPI) has published a notice on its website concerning delays that debt collectors and buyers seeking to comply with the new licensing requirement in the state’s Debt Collection Licensing Act are currently experiencing. The new law, passed in September 2020, requires debt collectors and buyers to apply for a DFPI license by December 31, 2021.
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