California’s New Consumer Financial Protection Law (CFPL): A Look at the California Department of Financial Protection and Innovation’s (DFPI’s) Implementation Plans
We are joined by Bret Ladine, the DFPI’s General Counsel. We discuss the DFPI’s plans for adding new staff, promoting innovation through the new Financial Technology Innovation Office, providing guidance on CFPL exemptions, and handling complaints. Other topics include the DFPI’s approach to its new authority regarding UDAAPs (which covers small business financing), registration of covered persons, and civil penalties. CFS Litigation Practice Leader Chris Willis hosts the conversation between Bret and Ballard Spahr Associate Mike Guerrero.
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