To: Financial Institutions with Offices in San Mateo County The Department of Business Oversight (DBO) is partnering with San Mateo County’s Elder and Dependent Adult Protection Team (EDAPT) to inform financial institutions with offices in San Mateo County that... Read MoreRead more about Elder Abuse Prevention Training in San Mateo
Extraordinary Situation Proclaimed in Mariposa County On July 18, 2017, Governor Edmund G. Brown, Jr. proclaimed a state of emergency in the County of Mariposa due to the effects of the Detwiler Fire, which has burned thousands of acres, damaged power, water and... Read MoreRead more about Mariposa County Emergency Bank Closures – DBO Proclamation
The California Department of Business Oversight has filed a Notice of Rulemaking Action with the Office of Administrative Law. The proposed regulatory action would repeal section 30.105 of title 10 of the California Code of Regulations, which requires credit union... Read MoreRead more about Notice of Proposed Regulations: Credit Union Bylaws Repeal
Installment Consumer Lending by Non-Banks grew more than 21 percent in 2016 Download this press release (PDF) SACRAMENTO – Installment consumer lending by non-banks in California increased more than 21 percent in 2016, to $41.3 billion, while the number of those loans... Read MoreRead more about Installment Consumer Lending by Non-Banks grew more than 21 percent in 2016
The DBO has been notified that a company – using the names “Vanguard Group LLC” and “Advantage fin,” the websites vanguardfinancialdirectla.com and vanguardbrokeragellc.com (currently defunct), the email customeraccounts@advantagefin.com, and the address 12100... Read MoreRead more about Vanguard Group LLC” fraudulently purporting to be well-known securities broker Vanguard