DFPI wins Silver Award for Best Government Website at the w3 Awards

We are so proud! This recognition reflects our ongoing commitment to making our site more accessible, informative, and user-friendly, and we’re not done yet. We continue to make improvements every day. Read more.

Imposter Posing as DFPI in Email Phishing Scam

We posted a Consumer Alert on our website concerning an imposter email scam appearing to be from the DFPI Enforcement team. A tactic used by phishers to make messages look like they’re coming from a trusted source. Learn more.

Juno Desist and Refrain Order

We announced a Desist and Refrain Order against Juno, a “Banking as a Service” fintech company that was found to have transferred consumer assets to a non-FDIC insured neobank without notifying its customers. Read more.

Financial Scams & Fraud Hearing

On Sep. 25, DFPI’s Chief Deputy Commissioner Suzanne Martindale (seated far right) testified at a Public Hearing on Financial Scams & Fraud, describing how we champion consumer rights and protect California consumers and investors in the marketplace. Read more.

Billable Exam Fee Increase to $120 per Hour Began July 1, 2025

On June 30, 2025, Governor Gavin Newsom signed Chapter 20, Statutes of 2025 (AB 137) allowing the Commissioner to set a standardized billable exam rate of $120 per hour across all DFPI programs, adjusting the exam rate from the prior $75 per hour rate. As of July 1, 2025, all Department billable exam rates are set at $120 per hour. Read more.

Report a Cybersecurity Incident Form

As cybersecurity incidents become increasingly sophisticated and frequent, early detection and prompt notification are critical for effective response and containment measures. To help licensees promptly report cybersecurity incidents to the DFPI, we have created a short online Cybersecurity Incident Report Form. Read more.

Investment Adviser Representative Continuing Education (IAR CE) Hours Due Mid-November

The DFPI recommends registered investment adviser representatives complete all required 2024 IAR CE (Investment Adviser Representative Continuing Education) hours by mid-November to allow time for the credits to be reported before the annual FINRA system shutdown on December 26, 2025. Read more.

Debt Collection Licensing Act (DCLA) – Annual Assessment Due October 31, 2025

On September 30, 2025, invoices were issued through NMLS, to all licensees under the Debt Collection Licensing Act (DCLA) to pay their pro rata share of the Annual Assessment. Payment is due no later than October 31, 2025. Read more.

PRO 02-23 – Notice of Modification to Text of Proposed Regulation - Money Transmission Act / Digital Financial Assets Law - Comments Due October 15, 2025

On April 4, 2025, the Commissioner of the DFPI published a Notice of Proposed Action to adopt requirements related to licensure under the Digital Financial Assets Law, and to clarify that certain activities involving digital financial assets are exempt from licensure under the Money Transmission Act. The Commissioner invites interested parties to submit comments by October 15, 2025. Read more.

2025-2026 California Financing Law Assessment Due October 31, 2025

The 2025-26 Annual Assessment for companies licensed under the California Financing Law (CFL) was sent on September 29, 2025. The assessment is due upon receipt of the invoice and becomes delinquent if not paid by October 31, 2025. Read more.

DFPI MLO Renewal Requirements

The Department of Financial Protection and Innovation (DFPI) would like to remind you that the NMLS Annual Renewal Period for Mortgage Loan Originators (MLO) will begin on November 1, 2025, and end on December 31, 2025.

All licenses that have an approved or approved-equivalent status between January 1^st and October 31^st of the current year (2025) are subject to the renewal process. Read more.

Every month we educate consumers through community events and a monthly webinar.

Student Loan Updates: What You Need to Know Webinar

Nov. 6, 12 – 1 p.m.

We invite you to participate in this informative student loan webinar. Celina Damian, the Student Loan Ombudsperson, will provide the most recent updates on federal student loans, including the impact of the One Big Beautiful Bill (OBBB) on repayment plans, Parent Plus Loans, Public Service Loan Forgiveness (PSLF), and other changes in federal student loan limits. Many changes are set to occur on July 1, 2026, and this is an opportunity you will not want to overlook!

Register here.