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Consumer Financial Services and Fintech Enforcement Styles in California

Consumer Financial Services and Fintech Enforcement Styles in California

Authors/Presenters Meet Up With The Group

Following departure of previous CFPB Director Richard Cordray in 2017, customer advocates and state solicitors general raised concerns about the hands-off that is new by the Trump administration with respect to customer security into the monetary solutions industry. Numerous states initiated or bolstered current efforts to oversee market actors for conformity with customer economic security laws. State solicitors general have been upgrading enforcement actions and programs that are piloting deal with the regulatory issues concerning brand brand brand new technologies, particularly within the fintech industry. Ca is the most active state regulators, expanding the jurisdiction of their present departments, producing brand brand new customer security and innovation workplaces, and employing former CFPB officials and lawyers to bolster its group.