Purvi Patel Appointed as Deputy Commissioner for Credit Unions On Feb. 2, Purvi Patel, of Oakland, was appointed by Governor Newsom to be Deputy Commissioner for Credit Unions at the California Department of Financial Protection...

Some Escrow Reports Due Jan. 13 Escrow agents are required to submit to the Commissioner an annual report prepared by an independent certified public accountant or an independent public accountant (Financial Code section 17406)...

The CMA previously updated its members on the negative impact of the California Court of Appeals decision in the Honchariw case. In that decision, the Court of Appeals held that a lender could not charge default interest on...

New State Laws That May Affect DFPI Licensees Highlights of 2022 Chaptered Legislation, a compendium of new state laws that may affect or be of interest to DFPI licensees, is now available on the Department’s website. The...

The California Court of Appeals recently published an opinion holding prohibiting charging default interest on the entire unpaid principal balance following a monthly payment default. As you all know, default interest is...