Last week the FFIEC issued a press release seeking comment on the proposed new and streamlined Call Report for small financial institutions. I encourage you and your staff to review this proposal closely and take time to submit comments via the Federal Register for... Read MoreRead more about Banking Regulators Seek Comment on Proposed Small Institution “Call Report”
Steve McFarlane dba Courageous Investment Solutions LLC and/or ADVANCE AMERICA, CASH ADVANCE CENTERS OF CALIFORNIA, LLC – ADVANCE FEE SCAM The Department of Business Oversight (DBO) has received reports of what appears to be an advanced fee loan scam. Consumers... Read MoreRead more about Steve McFarlane dba Courageous Investment Solutions LLC and/or ADVANCE AMERICA, CASH ADVANCE CENTERS OF CALIFORNIA, LLC – ADVANCE FEE SCAM
Download official copy (PDF) August 3, 2016 Re: _______________ – opinion request Dear _______________: Thank you for your letter dated March 11, 2016 (“March 11 letter”), in which you asked the Department of Business Oversight... Read MoreRead more about Sale, repurchase, and transfer of title to gold not money transmission.
Monthly BulletinCalifornia Department of Business OversightVolume 4, Number 01 – August 2016DBO Undergoing CSBSRe-accreditation of Banking Program, First-Ever Accreditation of Mortgage ProgramThe DBO’s banking and mortgage programs are undergoing a re-accreditation... Read MoreRead more about Monthly Bulletin Volume 04 Issue 01