CFPB Ca Style: The California Customer Financial Protection Law Brings More Prov Morrison & Foerster LLP

CFPB Ca Style: The California Customer Financial Protection Law Brings More Prov Morrison & Foerster LLP

On 31, 2020, the California legislature passed the California Consumer Financial Protection Law (CCFPL) august. What the law states reflects Governor Newsom’s eyesight of an infinitely more banking that is powerful with brand brand new enrollment authority, UDAAP authority mirroring the authority for the CFPB, and expanded enforcement authority. But crucial amendments used because of the legislature will exempt many regulated entities through the range for the legislation and certainly will impose limitations in the brand new Department of Financial Protection and Innovation’s (DFPI) workout of their authority. Continue reading “CFPB Ca Style: The California Customer Financial Protection Law Brings More Prov Morrison & Foerster LLP”