The Mission of the California Department of Financial Protection and Innovation in 2025... and Beyond

In an effort to strengthen consumer financial protections in California, Governor Gavin Newsom in 2020 proposed an initiative to modernize and revamp the Department of Business Oversight (DBO). The measure included an increase in staff and authority, to enhance the department's regulatory scope and enable it to become a national model for consumer protection.

Effective September 29, 2020, the DBO changed its name to the Department of Financial Protection and Innovation (DFPI).

The California Consumer Financial Protection Law (CCFPL) gave the DFPI expanded enforcement powers to protect California consumers from unfair, deceptive, or abusive practices committed in the consumer financial services space; COVID-19 inspired scams; and regulation of emerging consumer financial products. The DFPI is designed to promote innovation, clarify regulatory hurdles for emerging products, and increase education and outreach for vulnerable groups.  

We are very pleased to announce that Avy Mallik, General Counsel of the DFPI, will be our special guest for this webinar.  

Among other things, we will cover the following topics:

• Overview of DFPI
  • Consumer Protection
  • Prudential Oversight
  • Securities Oversight
  • Other Oversight Responsibilities
• Collaboration between State Regulators
• Coordination with Federal Regulators
• Promoting Responsible Innovation
• Projecting financial regulations in 2025 and beyond

ADDITIONAL INFORMATION

This program is approved for 1.5 CLE credits in CA, NV, NY, & PA; and 1.8 NJ. MN CLE Credit is pending. Uniform Certificates of Attendance will also be provided for the purpose of seeking credit in other jurisdictions.

Login details can be found in the calendar hold and will be resent the day before the webinar. For more information, contact events@ballardspahr.com.