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AG Herring Files Suit Against Immigration Bond Company

Attorney General Mark Herring filed a federal lawsuit today against the immigration bail bond company Libre by Nexus, alleging they are taking advantage of vulnerable people accused of entering the country illegally.

Q&A: California s finance regulator on squaring consumer protection and innovation

5 Min Read (Reuters) - California’s financial regulatory agency underwent a rebrand this year after a new law not only gave it authority over the fintech industry and other previously unregulated businesses, but also a mandate to responsibly spur innovation in consumer finance. Manuel Alvarez, the commissioner of California’s Department of Financial Protection and Innovation, is overseeing that shift. Alvarez has led the agency since he was appointed by the state’s Democratic Governor Gavin Newsom in 2019. Before that, he was the general counsel at fintech company Affirm Inc and an attorney at the U.S. Consumer Financial Protection Bureau and the California Department of Justice.

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