Can A Carpetbagger Become DFPI Commissioner?

Allen Matkins
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Allen Matkins

The Commissioner of Financial Protection & Innovation is appointed by the Governor and is subject to confirmation by the Senate.  Cal. Fin. Code § 322.  The Governor, however, is not free to appoint just anyone.  To be eligible for appointment, an prospective appointee must be:

  • A citizen of the United States; and
  • A resident of California for at least three years prior to his or her appointment.

Cal. Fin. Code § 323.  The  Financial Code further requires that the appointee "chosen solely for his or her qualifications and fitness to perform the duties of his or her office".   Id.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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