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Proposed Legislation Department of Financial Protection and Innovation (DFPI) New Legislation

Orrick, Herrington & Sutcliffe LLP

California Senate advances bill to expand DFPI authority

On April 2, the California Senate Banking and Financial Institutions Committee voted to move forward with legislation that would expand the DFPI’s powers to oversee businesses traditionally governed by the CFPB. The bill, SB...more

Allen Matkins

Governor Proposes To Increase In DFPI Spending

Allen Matkins on

Yesterday, Governor Gavin Newsom met the constitutional deadline for submitting a proposed budget.  Cal. Const. Art. IV, § 12(a).  The release of the budget kicks of a prolonged legislative process.  In the next several...more

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