DFPI Wants To Know: Whom Shall We Regulate?
DFPI Wants To Know: Whom Shall We Regulate? Thursday, February 11, 2021 Last year, California enacted AB 1864, Cal. Stats. 2020, Ch. 157, creating the California Consumer Financial Protection Law (CCFPL) under Division 24 of the Financial Code. Remarkably, the legislature left it up to the Department of Financial Protection and Innovation to determine what industries will become subject to registration requirements. Having been handed a regulatory tabula rasa, the DFPI is now asking the public: "For what industries should the DFPI first establish registration requirements unde...
Source: natlawreview.com