CFPB Ca Style: The California Customer Financial Protection Law Brings More Prov Morrison & Foerster LLP

On August 31, 2020, the Ca legislature passed the Ca customer Financial Protection Law (CCFPL). What the law states reflects Governor Newsom’s eyesight of a more banking that is powerful with brand brand brand new enrollment authority, UDAAP authority mirroring the authority of this CFPB, and expanded enforcement authority. But crucial amendments used by the legislature will exempt many regulated …