Brian Hershman

Jones Day

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Latest Posts › Financial Services Industry

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California Passes Legislation to Create Mini-CFPB

The Situation: On January 1, 2021, the California Consumer Financial Protection Law ("CCFPL") will go into effect, and the Department of Financial Protection and Innovation ("DFPI") will become the financial sector's new...more

10/13/2020 / Banking Sector , California Consumer Financial Protection Law (CCFPL) , Consumer Financial Products , Department of Financial Protection and Innovation (DFPI) , Financial Institutions , Financial Regulatory Reform , Financial Services Industry , New Legislation

California Shelves Proposal to Create Mini-CFPB - Governor Newsom's proposed mini-CFPB has been removed from California's 2020-21...

On June 11, 2020, California budget negotiators tabled California Governor Gavin Newsom's proposal to create a state version of the federal Consumer Financial Protection Bureau ("mini-CFPB"). As discussed in a previous Jones...more

7/15/2020 / Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Financial Regulatory Reform , Financial Services Industry , Governor Newsom , Regulatory Agenda , State Budgets

California’s Proposal to Create Mini-CFPB - This proposed regulatory change will undoubtedly have a wide-ranging impact on...

On January 10, 2019, California Governor Gavin Newsom proposed a plan to create a California version of the federal Consumer Financial Protection Bureau ("CFPB") as part of the state's proposed 2020-21 budget. According to...more

1/16/2020 / Consumer Financial Protection Bureau (CFPB) , Department of Business Oversight , Financial Services Industry , FinTech , Governor Newsom , Proposed Regulation , Regulatory Agenda , Regulatory Oversight , State Budgets , Unfair or Deceptive Trade Practices

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