Join us on LinkedIn Follow us on Twitter Like us on Facebook
 
  OCTOBER RESEARCH STORE SUBSCRIBE LOG IN
AddControlToContainer_DynamicNavigation3
The Legal Description > News > California DFPI issues invitation for comments on consumer protection rulemaking

California DFPI issues invitation for comments on consumer protection rulemaking

Add This Email A Friend Printer Friendly Version Increase Text Size Decrease Text Size
0 comments
Regulatory Updates
Wednesday, February 17, 2021

The California Department of Financial Protection and Innovation (DFPI) issued an invitation for comments on proposed rulemaking under the California Consumer Financial Protection Law (CCFPL). The law was signed by Gov. Gavin Newsom on Sept. 25, 2020. The law prohibits covered persons or service providers from:

  • Engaging in any unlawful, unfair, deceptive or abusive act or practice with respect to consumer financial products or services;
  • Offering a consumer any financial product or service not in conformity with a consumer financial law; or
  • Failing or refusing, as required by a consumer financial law or any rule or order issued by the department thereunder, to permit the department access to or copying of records, establishing or maintaining records, or making reports or providing information to the department.

The CCFPL authorizes the department to establish rules relating to covered persons, service providers, and consumer financial products or services. This includes rules to establish reasonable procedures to provide responses to consumers and rules regarding registration requirements applicable to a covered person engaged in the business of offering consumer financial products or services. It also includes rules identifying unlawful, unfair, deceptive or abusive acts and practices and requirements to prevent those acts or practices.

The DFPI seeks input from stakeholders in developing these regulations and provided several topics and questions to assist interested parties in providing input on rulemaking. These topics include:

  • Definitions;
  • Exemptions;
  • Registration requirements;
  • Complaint handling;
  • Unlawful, unfair, deceptive and abusive acts and practices;
  • Data collection and reporting for commercial financing;
  • Disclosures; and
  • Clarifying the applicability of California credit cost provisions.

The commissioner requested interested parties submit comments by March 8, 2021.

Today's other top stories
Maryland issues bulletin on law firms in producer registers
Arizona Department of Insurance and Financial Institutions issues cease-and-desist order
Rhode Island considers attorney agent, premium legislation
Michigan DIFS issues cease-and-desist order for fraudulent insurance practices
Illinois considers title-insurance consultation bill


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
CAPTCHA Validation
CAPTCHA
Code:
: 
: 
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 380 times.
A Twitter List by TheLegalDesc
News by Topic   News by Edition   Special Reports   Webinars   Subscribe
Court Report
Cybersecurity
Industry News
Legislative Developments
Regulatory Updates
Remote Online Notarization
The Blotter
The TRID Journey
 
January 25, 2021
February 8, 2021
February 22, 2021
March 8, 2021
Archives
 
State of the Industry Report
eClosing Compliance
Cybersecurity Report
CFPB Anniversary
Attorney State Breakdown
Archives
 
 
Getting to Know Your Regulators
RESPA Section 9
Economic Forecast - Q1
Sales Strategies for Success
Archives
 
Newsletter Subscriptions
Free Email Updates
Try a Free Edition
  About   Library   Store  
 
The Legal Description
Contact / Editors
Advertise
Social Media
Are You An Expert?
Subscriber Agreement
 
RON Resource Center
Cybersecurity Central
Court Cases
Legislation
Position Papers
Regulations
 
NS3 The Summit
Other Newsletters
The Title Report
RESPA News
Valuation Review
Dodd Frank Upate
 
                 
Copyright © 2000-2021 The Legal Description
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.thelegaldescription.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> The Title Report
> RESPA News
> Dodd Frank Update
> Valuation Review
> The October Store


Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
SPECIAL REPORTS
LIBRARY
EMAIL UPDATES
ABOUT
WEBINARS
SUBSCRIBE
Court Report
Cybersecurity
Industry News
Legislative Developments
Regulatory Updates
Remote Online Notarization
The Blotter
The TRID Journey
Current Edition
February 8, 2021
January 25, 2021
January 11, 2021
Archives
2021 State of the Industry
eClosing Compliance
2020 Cybersecurity Report
2020 CFPB Anniversary Report
Attorney State Breakdown
The New GSE Focus
Archives
RON Resource Center
Cybersecurity Central
Court Cases
Legislation
Position Papers
Regulations
2012
2011
By Year
By State
2012
2011
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Comment Letters
White Papers
Testimony
The Legal Description
Contact Us
Advertise
Are You An Expert?
Subscriber Agreement
Social Media
RESPA Section 9
Economic Forecast Series - Q1
Sales Strategies for Success
Getting to Know Your Regulators
Webinar Archives