Los Angeles, San Francisco, San Diego and Sacramento Cities

Our Mission


Serve Californians by effectively overseeing financial service providers, enforcing laws and regulations, promoting fair and honest business practices, enhancing consumer awareness, and protecting consumers by preventing potential marketplace risks, fraud, and abuse.

About

The Department of Business Oversight (DBO) provides protection to consumers and services to businesses engaged in financial transactions. The Department regulates a variety of financial services, products and professionals. The Department oversees the operations of state-licensed financial institutions, including banks, credit unions, money transmitters, issuers of payment instruments and travelers checks, and premium finance companies. Additionally, the Department licenses and regulates a variety of financial businesses, including securities brokers and dealers, investment advisers, deferred deposit (commonly known as payday loans) and certain fiduciaries and lenders. The Department regulates the offer and sale of securities, franchises and off-exchange commodities. For the complete list, see the Department’s Licensees page.

History

Laws and Regulations

Public Records Act request

DBO Divisions

DBO Strategic Plan Summary Booklet

Publications

executive office

DBO careers

Feedback

Licensees and regulated industries

Locations

Small Business/Disabled Veterans Business Opportunities

Commissioner Manuel P. Alvarez

Manuel P. Alvarez
Commissioner

Scott Cameron

Scott Cameron
Senior Deputy Commissioner
Division of Financial Institutions

Christopher Shultz, Chief Deputy Commissioner

Christopher Shultz
Chief Deputy Commissioner

Ed Gill

Ed Gill
Senior Deputy Commissioner
Division of Corporations

Mona Elsheikh

Mona Elsheikh
Deputy Commissioner
Financial Services

Miranda LeKander

Miranda LeKander
Deputy Commissioner
Legal

Aaron Prosperi

Aaron Prosperi
Deputy Commissioner
Banking

Jim Sweeney

Jim Sweeney
Deputy Commissioner
Consumer Services and Strategic Support

Balbiro Kazla

Balbiro Kazla
Deputy Commissioner
Broker-Dealers and Investment Advisors

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Vacant
Deputy Commissioner
Administration

empty image for Deputy Commissioner Credit Unions

Vacant
Deputy Commissioner
Credit Unions

standard profile photo

Robert Venchiarutti
Deputy Commissioner
Money Transmitters

Scott Wyckoff

Scott Wyckoff
General Counsel

Indira

Indira McDonald
Deputy Commissioner
Legislation

empty image for Deputy Commissioner

Vacant
Deputy Commissioner
Policy

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Mary Ann Smith
Deputy Commissioner
Enforcement

Victor Wells

Victor Wells
Deputy Commissioner
Mortgage Lending

The Department of Business Oversight Divisions

  • Administration Division – This division provides DBO with administrative support services, including accounting, budgets, contract management, facilities management, human resources, and purchasing.
  • Consumer Services Division – This division develops and executes public affairs strategies to support the goals and objectives of the Department and provides information to the Department’s various stakeholders, consumers, and the general public.
  • Division of Corporations
    • Broker-Dealer/Investment Adviser Program – This program licenses and regulates broker-dealers, broker-dealer
      agents, investment advisers, investment adviser representatives, exempt reporting advisers, capital access companies, and SEC investment adviser notice-filers.
    • Financial Services Program – This program is responsible for the licensure and regulation of payday lenders, finance lenders and brokers, escrow companies and check sellers, bill payers and proraters.
    • Mortgage Lending Program – This program is responsible for the licensure and regulation of residential mortgage lenders and mortgage loan originators.
  • Division of Financial Institutions 
    • Banking Program – The Banking Program licenses and regulates trust companies and commercial, industrial, and foreign (other nation and other state) banks.
    • Credit Union Program – The Credit Union Program licenses and regulates state-chartered credit unions.
    • Money Transmitter Program – The Money Transmitter Program licenses and regulates money transmitters, issuers of payment instruments (money orders), traveler’s checks, and stored value cards.
  • Enforcement Division – The Enforcement Division, on behalf of the Commissioner of the Department of Business Oversight, enforces the laws administered by the DBO.
  • Information Technology Division – This division is responsible for IT support, including software/hardware acquisition, network and user services, and the development and support of applications.
  • Legal Division – This division serves as in-house legal counsel for all of the department’s programs and also regulates the offer and sale of securities and franchises.
  • Legislation and Policy Division – The Legislation Division monitors and tracks bills related to the DBO and provides guidance on legislative issues.
  • Policy Division
  • Strategic Support Division – The Strategic Support Division provides licensing support for programs under the Division of Financial Institutions and oversees the Local Agency Security Program and Premium Finance Companies.

DBO Regional Offices


DBO Main Office - Sacramento

1515 K Street, Suite 200
Sacramento, CA 95814-4052

(916) 445-7205
(866) 275-2677

San Francisco

One Sansome Street, Suite 600
San Francisco, CA 94104-4428

(415) 972-8565
(866) 275-2677

San Diego

1350 Front St. #2034
San Diego, CA 92101-3697

(619) 525-4233
(866) 275-2677


7575 Metropolitan Drive, Suite 108
San Diego, CA 92108-4421

(619) 682-7227
(866) 275-2677

Last updated: Nov 12, 2019 @ 1:42 pm