CFPB Monitor

JANUARY 12, 2021

The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The CCFPL gives the California Department of Financial Protection and Innovation (DFPI) (the new name given to the state’s Department of Business Oversight) broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB.

Exercises 127

Exercises California Innovation Financial Technology 127

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

Insights on Business

JULY 20, 2017

The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The fintech hub. In this example, a global financial service organization embraced the growing role of fintech. Open banking for all. Next steps.

Fintech 181

Fintech Mobile Examples Data 181

Lex Sokolin

DECEMBER 23, 2020

The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. That impossibility could force technology innovators to exit the market?—?likely Small banks do not want to see fintech charters, or fintech companies grow. Why does this bill exist?

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. That impossibility could force technology innovators to exit the market?—?likely Small banks do not want to see fintech charters, or fintech companies grow. Why does this bill exist?

Regulation 52

Regulation US System Operations 52