Earlier this month, the California legislature passed three bills that will significantly impact consumer financial service providers in the state. AB-1864 creates the Department of Financial Protection and Innovation (DPFI), widely named a “mini-Consumer Financial Protection Bureau (CFPB)” because of its broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB. We are delighted that former CFPB Director Richard Cordray, who worked closely with California lawmakers in drafting AB-1864 as well as Bret Ladine, General Counsel of the California Department of Business Oversight, will join us for this webinar.

The two other major bills are SB-908, which will require debt collectors to be licensed in California, and AB-376, which establishes a Student Loan Borrower Bill of Rights. California Governor Gavin Newsom is expected to sign the three bills by the end of this month.

In this webinar, we will provide a comprehensive overview of the three bills, with a special focus on the scope of the DFPI’s jurisdiction, its new authorities, consider how the three bills will impact industry, and whether other states are likely to create their own “mini-CFPBs.”

Date & Time

Tuesday, September 29, 2020
3:00 PM - 4:30 PM ET


Alan S. Kaplinsky, Co-Practice Leader, Consumer Financial Services


Richard Cordray, Former Director, Consumer Financial Protection Bureau, Watchdog (2020)
Bret Ladine, General Counsel of the California Department of Business Oversight
Christopher J. Willis, Practice Leader, Consumer Financial Services Litigation

Stefanie H. Jackman, Partner, Consumer Financial Services
Michael R. Guerrero, Associate, Consumer Financial Services
Heather S. Klein, Associate, Consumer Financial Services

This program is open to Ballard Spahr clients and prospective clients. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact questions@ballardspahr.com.