DFPI Rings In The New Year By Issuing A Dozen Subpoenas
By EsqSocial Corporation 20/01/21
Yesterday, the Department of Financial Protection and Innovation announced that it had issued "subpoenas to a dozen companies with significant California customer bases, representing the first major action to be taken under the expanded oversight and enforcement authority of the California Consumer Financial Protection Law (CCFPL)". The CCFPL, AB 1864 (2020 Cal. Stats. ch. 157), grants the DFPI has broad investigative powers, including the power to issue subpoenas pursuant to California...
By: Allen Matkins