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Money Transmitter
The 2026-27 assessment rate was set at $0.015 per $1,000 received for transmission by a licensee in calendar year 2025, unchanged from last year’s rate. The 2026-27 assessment rate for issuers of payment instruments and stored value was set at $0.63 per $1,000 of total payment instruments and stored value sold by a licensee. The rate has not changed since 2012. Invoices were emailed on July 1.
Payments will be due in 30 days, with an additional week allowed for payments made via electronic funds transfer (EFT).
Credit Unions
The 2026-27 assessment rate was set at $1.04 per $1,000 of assets, an increase of $0.02 from last year’s rate of $1.02. DFPI will email invoices on July 10. Payments will be due in 30 days, with an additional week allowed for payments made via electronic funds transfer (EFT). If you have any questions about the calculation of the assessment for your credit union, please refer to How to Calculate Your Assessment for credit unions (PDF).
Questions regarding assessment payment processing should be directed to Accounting at AccountingAR@dfpi.ca.gov
New Press Releases and Consumer Alerts
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Home Equity “Investment” Consumer Alert – DFPI is warning homeowners about the risks of home equity “investments” (HEI). These financial products are often marketed as a way for homeowners to access cash without taking on additional monthly payments. But HEIs are complex agreements that can lead to significant or unexpected costs, and consumers should be aware of the risks before signing.
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FTC Mortgage Fraud Settlement – The DFPI came to the rescue, taking legal action against a group of con artists who falsely promised reduced mortgage payments and foreclosure assistance during the COVID-19 pandemic. As a result, more than 1,800 consumers—about half of them from California—who were victims of mortgage fraud will soon receive nearly $3 million in refunds. The Federal Trade Commission (FTC) joined DFPI’s lawsuit.
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Navitas Unlicensed Lender Enforcement Action – Florida-based Navitas has been ordered to pay a $4 million penalty for carrying out unlicensed lending activities—a violation of the California Financing Law (CFL). The violations were discovered during DFPI’s review process when Navitas applied for a CFL license in May 2023. Affected consumers will receive refunds within 90 days.
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Land Investment Scam Restitution – Nearly 3,000 consumers will soon receive more than $7 million in restitution after falling victim to a fraudulent Kern County land investment scheme. The DFPI shut down the operation in 2019, freezing assets and appointing a receiver to protect investors. Following recent felony guilty pleas from the scammers, a court has ordered distribution of refunds. Consumers must cash their checks within 90 days or file a written claim within 45 days, or they will forfeit their restitution.
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Your Voice Matters: Submit Comments for VCC Fair Investment Practices by July 17, 2026
The DFPI is adopting regulations to implement the Fair Investment Practices by Venture Capital Companies Law (Corp. Code, § 27500 et seq.). This law requires specified venture capital companies to:
- Give each founding team member of a business that has received funding from the venture capital company the opportunity to participate in a survey collecting demographic information.
- Submit an aggregated report of the information to the DFPI.
We want your feedback! See how to submit comments. The deadline is July 17, 2026.
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Ready to Make a Difference? Join the DFPI Escrow Advisory Committee
The DFPI is looking to fill one vacancy on the Escrow Advisory Committee. We encourage representatives of a real estate broker or a title insurance company to apply. Managers or corporate officers of independent escrow companies are also eligible to serve on the Committee. Apply by July 10, 2026.
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Some Escrow Annual Reports Due July 14, 2026
Escrow agents are required to submit to the DFPI Commissioner an annual report prepared by an independent certified public accountant (CPA) within 105 days after the close of the escrow agent’s fiscal year (Financial Code section 17406). The annual report includes audited financial statements and required supplemental information. If your fiscal year ended on March 31, 2026, your annual report is due July 14, 2026. Read more.
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Every month, the DFPI outreach team educates consumers through community events and a monthly webinar.
Protect Yourself from Tech Support Scams Webinar
Tech support scams are becoming very sophisticated, costing users millions of dollars each year. Join us on August 5, from 1 – 2 p.m. for a virtual event where we’ll break down how these scams work and share practical tips to spot and avoid them.
Register today.
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