California’s Department of Business Oversight Gets an Innovation Makeover

Absolute Resolutions Corporations President Mark Nieman and Actuate Law’s Lauren Valenzuela discuss CA’s new Department of Financial Protection and Innovation. The California Department of Financial Protection and Innovation (DFPI), formerly known as California’s Department of Business Oversight, gained expanded regulatory authority over providers of consumer financial products and services as of January 1, 2021.  The mission of the DFPI is to protect consumers, but will its mandates place an undue burden on business in the Golden State? How will compliance impact professionals in the fintech and accounts receivable space? California natives Mark Naiman, president of Absolute Resolutions Corporations and a…...