Scam falsely claims association with Western Union, United Nations The Department of Business Oversight (DBO) has received reports of a scam fraudulently using Western Union’s name. Several consumers reported receiving emails purporting to be from Western Union... Read MoreRead more about Scam falsely claims association with Western Union, United Nations
Mortgage Lending by Non-Banks Increased at Fast Pace in 2015, DBO Report Shows Number of Loans Up 47%; Principal Grew 57% Download this press release (PDF) SACRAMENTO – Mortgage lending by non-banks in California increased substantially in 2015, measured both in... Read MoreRead more about Mortgage Lending by Non-Banks Increased at Fast Pace in 2015, DBO Report Shows
Payday Loan Customers with 10 Transactions Outnumbered Those with One in 2015 DBO Report Shows Repeat Customers’ Prominence in Sector Download this press release (PDF) SACRAMENTO – The number of California payday loan customers who made 10 transactions in 2015... Read MoreRead more about Payday Loan Customers with 10 Transactions Outnumbered Those with One in 2015
DBO Annual Assessment 2016-2017 The California Financial Code authorizes the Commissioner of the Department of Business Oversight (DBO/Department) to annually assess from all state chartered financial institutions an amount sufficient to meet the expenses of the... Read MoreRead more about DBO Annual Assessment 2016-2017
Monthly Bulletin California Department of Business Oversight Volume 3, Number 12 – July 2016 FY 2016-17 Assessment for Financial Institutions The DBO has mailed annual assessment invoices for FY 2016-17 to state-chartered banks and credit unions and other financial... Read MoreRead more about Monthly Bulletin Volume 03 Issue 12