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 new enrollment authority, UDAAP authority mirroring the authority regarding the CFPB, and expanded enforcement authority. But crucial amendments used by the legislature will exempt many regulated entities through the range of this legislation and can impose limitations from the brand new Department of Financial Protection and Innovation’s (DFPI) workout of its authority. Continue reading “CFPB Ca Style: The California Customer Financial Protection Law Brings More Prov Morrison & Foerster LLP”