California Hosts Listening Sessions on New Consumer Financial Protection Law

Industry stakeholders are encouraged to attend the listening sessions in advance of the law’s implementation starting Jan. 1, 2021.

11/10/2020 1:00 PM

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California Hosts Listening Sessions on New Consumer Financial Protection Law

Learn about the California Consumer Financial Protection Law, which creates a state consumer protection agency, in two listening sessions hosted by the California Department of Financial Protection and Innovation (DFPI) Nov. 16 and Dec. 8.

The law also expands the state’s power to target unfair, deceptive and abusive acts and practices by financial service providers, ACA International previously reported.

The California Department of Financial Protection and Innovation is hosting the listening sessions ahead of the implementation of the law, which Gov. Gavin Newsom signed in September. It takes effect on Jan. 1, 2021.

According to a news release from the governor’s office, the DFPI will:

  • Significantly expand the state’s consumer protection capacity by adding dozens of investigators and attorneys to supervise financial institutions.
  • Create a team to monitor markets to proactively identify emerging risks to consumers.
  • Create a team dedicated to consumer education and outreach, listening and responding to consumers in specific communities, including veterans, immigrants and older Californians.
  • Create a new Office of Financial Technology and Innovation, which will cultivate financial technology to serve consumers.

The sessions will include remarks from DFPI Commissioner Manuel P. Alvarez and members of the department’s legal and enforcement staff. The department will give an overview of the law and then open the call to a 2-minute question or comment from individuals.

The goal of the sessions is to provide the department with insights to understand concerns and guide our public outreach efforts.

To access call-in information for the listening sessions, email Cassandra DiBenedetto at Cassandra.DiBenedetto@dfpi.ca.gov . 

For more information on how the ACA licensing staff can assist with your licensing application completion needs, please contact us at licensing@acainternational.org or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

California Hosts Listening Sessions on New Consumer Financial Protection Law

Learn about the California Consumer Financial Protection Law, which creates a state consumer protection agency, in two listening sessions hosted by the California Department of Financial Protection and Innovation (DFPI) Nov. 16 and Dec. 8.

The law also expands the state’s power to target unfair, deceptive and abusive acts and practices by financial service providers, ACA International previously reported.

The California Department of Financial Protection and Innovation is hosting the listening sessions ahead of the implementation of the law, which Gov. Gavin Newsom signed in September. It takes effect on Jan. 1, 2021.

According to a news release from the governor’s office, the DFPI will:

  • Significantly expand the state’s consumer protection capacity by adding dozens of investigators and attorneys to supervise financial institutions.
  • Create a team to monitor markets to proactively identify emerging risks to consumers.
  • Create a team dedicated to consumer education and outreach, listening and responding to consumers in specific communities, including veterans, immigrants and older Californians.
  • Create a new Office of Financial Technology and Innovation, which will cultivate financial technology to serve consumers.

The sessions will include remarks from DFPI Commissioner Manuel P. Alvarez and members of the department’s legal and enforcement staff. The department will give an overview of the law and then open the call to a 2-minute question or comment from individuals.

The goal of the sessions is to provide the department with insights to understand concerns and guide our public outreach efforts.

To access call-in information for the listening sessions, email Cassandra DiBenedetto at Cassandra.DiBenedetto@dfpi.ca.gov . 

For more information on how the ACA licensing staff can assist with your licensing application completion needs, please contact us at licensing@acainternational.org or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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