| Date | Title | Description |
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| Sep 29, 2026 | DFPI Penalizes California Franchise, The Kickin’ Crab, for Misleading Small Business Entrepreneurs | What You Need to Know: California fines franchise company for deceiving small business owners; the latest to face DFPI action after misleading investors.
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) t... |
| Sep 27, 2026 | THE OPPOSITE OF TRUMP! Governor Newsom signs bills to crack down on corruption, including meme coins by public officials | California is creating stronger accountability and standing up for consumers:
✅ Preventing any California public officials from issuing meme coins, along with preventing companies from listing any meme coin that uses the likeness or image o... |
| Sep 26, 2026 | California Seizes Nano Banc, Ending Years-Long Struggles Culminating in Significant Financial Loss | Bank Was Subject of Multiple State and Federal Enforcement Orders
What You Need to Know: California closed Nano Banc given its deteriorating financial condition. This follows years of executive mismanagement and failure to comply with Calif... |
| Aug 25, 2026 | ICYMI: DFPI Opposes Federal Proposal That Would Make Banks More Vulnerable to Collapse, Threaten Economic Well-Being of Millions of Californians | What You Need to Know: California joins other states in pushing back on federal attempts to weaken banking oversight and undercut common-sense regulations that protect against bank collapses.
SACRAMENTO – In a new comment letter, the Califo... |
| Aug 13, 2026 | Utah-Based Mortgage Company Must Pay $825,000 for Failing to Protect Californians’ Personal Information | What You Need to Know: DFPI ordered the company to provide affected customers with free identity theft insurance in addition to the fine.
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today t... |
| Jul 9, 2026 | DFPI Action Results in Nearly 3,000 People Receiving $7M in Restitution after California Land Investment Scam | What You Need to Know: Watch the Mail! About 3,000 consumers will receive checks totaling more than $7 million. DFPI secures refunds for victims scammed in a land investment scheme.
Nota: Este artículo también está disponible en español.
注：... |
| Jul 1, 2026 | California Crypto Law Now Live: Unlicensed Platforms Risk $100K Daily Fines | By Mark Rutherford
Published: Jul 01 2026, 6:34 PM EDT
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard |
| Jun 24, 2026 | Governor Newsom convenes the first meeting of California’s Tech Fraud Task Force to help strengthen consumer protections | Governor’s Innovation Council Tech Fraud Task Force convening in San Francisco
The Tech Fraud Task Force is led by the Department of Financial Protection and Innovation (DFPI) in collaboration with the Business, Consumer Services, and Housi... |
| Jun 9, 2026 | DFPI Secures $4 Million Penalty Against Florida Company Navitas for Lending Without a License | What You Need to Know: A Florida-based company will pay $4 million for unlicensed lending in California. Eligible borrowers who were targeted by the company will receive refunds in 90 days.
SACRAMENTO – The California Department of Financia... |
| Jun 9, 2026 | California and federal government secure $3 million in refunds for mortgage fraud victims | “We are pleased to be able to give refunds to people who have been scammed out of their hard-earned money,” said DFPI Commissioner KC Mohseni. “We will continually pursue all avenues to prevent scammers from preying on and profiting off Cal... |
| May 18, 2026 | DFPI Shuts Down Crypto Kiosk Operator for Cheating Consumers and Violating State Laws | What You Need to Know: After violating California’s Digital Financial Assets Law, California shuts down a crypto kiosk company’s operations.
SACRAMENTO – In an ongoing effort to protect California consumers, the Department of Financial Prot... |
| May 15, 2026 | DFPI Secures $1 Million Settlement with Yotta Technologies for Deceptive Practices | What You Need to Know: DFPI takes action after a California fintech company deceives financial customers. Yotta is required to provide notice and documents to impacted Californians to assist with fund recovery.
SACRAMENTO – The California D... |
| Mar 13, 2026 | Inside JPMorgan Chase’s push to become the startup world’s new Silicon Valley Bank | JPMorgan gained three years’ worth of new clients in a single weekend when Silicon Valley Bank collapsed.
The Jamie Dimon-led bank has since quadrupled its startup client base to nearly 12,000, served by 550 bankers.
JPMorgan’s goal is to b... |
| Mar 2, 2026 | Why mortgage licensing must be a priority for private lenders In 2026 | Private lending has matured. What was once a fragmented, relationship-driven corner of real estate finance has evolved into an increasingly institutional, multi-state industry with sophisticated counterparties, warehouse lines, and capital ... |
| Jan 6, 2026 | As federal aid stalls, Governor Newsom announces proposed effort to close insurance gaps for LA fire survivors, expands mortgage relief | Many homeowners face a gap between their insurance proceeds and the cost of rebuilding. The Governor has called on President Trump to send California’s request for federal aid to Congress, which will fund federal programs that can help addr... |
| Dec 23, 2025 | SEC Targets Crypto Platforms in Social Media Scam Crackdown | Image: Envato
Federal regulators in the US have delivered a devastating blow to crypto fraud schemes preying on social media users.
The Securities and Exchange Commission launched an enforcement wave targeting three purported cryptocurrency... |
| Oct 31, 2025 | DFPI Cracks Down on Cash to Crypto Kiosk Operators | What You Need to Know: DFPI takes action against several crypto kiosk operators who overcharged consumers – One must now pay $675,000 for flouting the law.
SACRAMENTO – In an ongoing effort to protect consumers and crack down on companies t... |
| Oct 16, 2025 | DFPI Secures Over $51 million After a Nationwide Scheme Targets the Elderly | What You Need to Know: A precious metals dealer who targeted the retirement accounts of elderly people must pay over $51 million for its high-pressure, deceptive sales tactics.
SACRAMENTO – The California Department of Financial Protection ... |
| Oct 15, 2025 | Feds seize $15 billion in bitcoin, indict crypto fraud kingpin who ran Cambodian forced labor camps | The government has seized $15 billion in bitcoin from an alleged cryptocurrency fraud kingpin accused of running forced labor camps in Cambodia, where prisoners were forced to run “pig-butchering” scams on victims around the world.
Federal ... |
| Aug 22, 2025 | Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr. | Former CFPB employees, from during Biden’s term, declined to speak about the decision, saying they’re not permitted to discuss investigations. Related Articles
Cracker Barrel says it “could’ve done a better job” with release of new logo tha... |
| Aug 18, 2025 | DFPI Secures $2.3 Million In Penalties and Borrower Refunds From Caliber Home Loans for Overcharging Thousands of California Borrowers | SACRAMENTO, CA – The California Department of Financial Protection and Innovation (DFPI) has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans, Inc. (Caliber), following findings that the company ... |
| Jul 21, 2025 | Californians report unraveling mortgage relief after the fires | In the wake of massive wildfires that destroyed 16,000 structures in Los Angeles County in January, hundreds of banks and mortgage companies agreed to let borrowers delay their monthly payments for 90 days, without demands for full repaymen... |
| Jan 22, 2025 | Navigating Financial Recovery After Natural Disasters | Natural disasters strike like lightning. They leave chaos in their wake. Homes are lost. Lives are disrupted. Finances can crumble. But recovery is possible. Understanding the right steps can make all the difference.
When disaster hits, the... |
| Jan 17, 2025 | Business | How to get student loan relief after the L.A. wildfires | If the wildfires displaced you from your home, don’t change your permanent address in your student loan accounts, says Scott Buchanan, executive director of the Student Loan Servicing Alliance. Your address must be in a FEMA disaster zone t... |
| Oct 30, 2024 | LoanSnap troubles continue as California revokes its lender license | A California regulator has revoked the residential mortgage lending license of LoanSnap, the latest in a series of difficulties for the fintech lender.
According to a filing from the California Department of Financial Protection and Innovat... |
| Sep 17, 2024 | DFPI Announces Enforcement Actions Against Student Loan Debt Relief Companies, Secures Consumer Refunds and Penalties | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it has taken enforcement actions against three companies to prevent them from unlawfully charging fees fo... |
| Sep 3, 2024 | Asset Recovery Scam Involving Unauthorized Use of DFPI Logo | The California Department of Financial Protection and Innovation (DFPI) has received information about scammers fraudulently claiming to be from the “Department of Financial Protection and Innovation” and using the same letterhead and logo ... |
| Aug 30, 2024 | Fintech banking apps – what you need to know | Here are some things to consider if you choose an app that isn’t provided directly by a bank: Common clues your banking app may not be a bank
Unfortunately, it is not always clear whether your banking services are being provided by a bank o... |
| Aug 21, 2024 | Patelco Credit Union Cyberattack – UPDATE | On July 2, the California Department of Financial Protection and Innovation (DFPI) was advised that Patelco Credit Union was subjected to a ransomware attack on June 29, 2024. On August 20, Patelco noticed its members that confidential info... |
| Aug 5, 2024 | DFPI Awards $4 Million to Community-Based Organizations for Financial Education and Empowerment Programs | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today announced it has awarded $4 million in CalMoneySmart grants for the 2024-2026 grant cycle. This year’s slate of 15 ... |
| Jun 28, 2024 | 6 steps to investing wisely | Step 1: Determine financial priorities – Housing, living expenses, emergency savings, and paying off high-interest debt should take priority. Invest only with leftover funds after these obligations are met.
Step 2: Set investment goals – Lo... |
| Jun 19, 2024 | Breaking Barriers, Building Wealth: Navigating Economic Mobility | Samuel Hynes Vick
As Commissioner of DFPI, I am deeply committed to advancing economic mobility, particularly for historically marginalized communities who have been locked out of wealth-building opportunities. My own heritage, rooted in th... |
| Jun 14, 2024 | NovatechFX : Victims Recover Lost Funds With Intelligence Commissioner’s NovaTech FX Fund Recovery Program | LOGO
moneysmart.gov.au warning on NovatechFX
Attorney General James Sues Cryptocurrency Companies NovaTechFx and AWS Mining for Defrauding Investors of More Than $1 Billion
dfpi.ca.gov Nova Tech Ltd Warning
Victims of NovatechFX fraud succe... |
| Jun 3, 2024 | DFPI Launches Network to Help Californians Navigate Their Student Loans | SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today the launch of the Student Loan Empowerment Network (SLE Network), a network of community-based and legal aid organizations that will provid... |
| May 31, 2024 | May Consumer Connection | How to Invest Wisely
June 5, 12 – 1 p.m. | Virtual
Tour our newly launched Investor Center website and get a step-by-step process for investing smarter. Learn how to develop your investment goals, understand risks and rewards, and protect y... |
| May 30, 2024 | DFPI Launches Investor Center to Empower Californians to Take Control of Their Financial Futures | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today the launch of its new Investor Center, a website dedicated to promoting financial literacy, investor reso... |
| Apr 30, 2024 | Business | More student loan forgiveness available, but April 30 deadline looms | Jon Healey | Los Angeles Times (TNS)
LOS ANGELES — Those who obtained federally backed student loans from private banks can have some or all of their remaining debt forgiven by the Biden administration, but they need to act fast: The deadli... |
| Apr 26, 2024 | April Consumer Connection | It’s National Financial Capability Month, and we’re featuring information and resources to help consumers protect themselves from scams and fraud.
Debt can build up quickly and compound when not managed carefully. Follow these three steps t... |
| Apr 12, 2024 | April 2024 Monthly Bulletin | DFPI encourages borrowers who have commercially managed Perkins, FFEL, or HEAL Program loans to apply for loan consolidation by the April 30, 2024 deadline, to obtain the full benefits of the IDR payment count adjustment.
Under the Income-D... |
| Apr 11, 2024 | Be Alert to Fraud After the Jan. 21-23, 2024, San Diego County Severe Storm and Flooding | San Diego, Calif. — Fraudulent activity typically increases after a disaster. Con artists may try to get money from survivors or ask for personal information to try and steal their identity.
In some cases, thieves try to apply for FEMA assi... |
| Apr 9, 2024 | DFPI Now Accepting Applications for Up to $2 Million in CalMoneySmart Grants | Download this press release (PDF) Statewide Program Will Now Provide Two Years of Funding to California Nonprofits
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it is now accepting appl... |
| Mar 25, 2024 | Fraudulent Bank Website Scam | Beach Cities Commercial Bank (BCCB) has advised the DFPI that they recently received an inquiry regarding a website associated with the domain “Beachcitiescommercialbank.com,” representing themselves as an e-bank. BCCB’s legitimate domain i... |
| Mar 21, 2024 | Website carolpasollewis.com/ is Fraudulently Posing as a California-licensed Investment Adviser | The California Department of Financial Protection and Innovation (DFPI) has received information that the website https://carolpasollewis.com/ is fraudulently marketing itself as a licensed financial adviser.
The imposter website, https://c... |
| Mar 21, 2024 | March 2024 DFPI Consumer Connection | Throughout Women’s History Month, the DFPI is recognizing women across California who are working to eliminate gender bias and discrimination in the financial marketplace. The DFPI is not just California’s financial regulator, we’re here to... |
| Mar 19, 2024 | “Global Lending CA” Posing as Legitimate Lender | The California Department of Financial Protection and Innovation (DFPI) has received information about an advance fee scam involving consumer loans. The imposter represents itself to the public as “Global Lending CA” and may be offering con... |
| Mar 19, 2024 | Five Steps to Building Generational Wealth | Financial wealth (money, savings, investments)
Assets (house, real estate, collectables, precious metals/gems)
Business ownership
Intellectual property (patents, copyrights, trademarks)
Charitable foundation or endowment
If you are new to f... |
| Mar 19, 2024 | Your Top Student Loan Questions Answered: IDR One Time Adjustment & SAVE Programs | In a previous article, I explained consolidation and discussed if it was the right option for you. In addition to the general benefits of consolidating, consolidation is necessary for certain borrowers to gain access to certain repayment pl... |
| Mar 13, 2024 | March 2024 Monthly Bulletin | Annual reports for 2023 for DFPI Finance Lenders (CFL), Payday Lenders (CDDTL), Student Loan Services (SLSA), and Debt Collectors (DCLA) are due by March 15, 2024.
A registered DFPI portal account is required to submit the Annual Report. To... |
| Mar 11, 2024 | OP 8572 – Custody of Client Funds Pursuant to California Code of Regulations, title 10, section 260.237.2 | Download official copy (PDF)
IN REPLY REFER TO: _________
FILE NO: _________
February 27, 2024
VIA EMAIL ONLY
Dear ___________:
This responds to your letter dated May 21, 2023, seeking an interpretive opinion from the Department of Financia... |
| Mar 2, 2024 | Governor Newsom Announces 10-Point Action Plan to Improve Oakland’s Streets | WHAT YOU NEED TO KNOW: Governor Newsom today released Caltrans’ 10-Point Action Plan which outlines a comprehensive strategy to support the City of Oakland in improving street safety and beautification. The plan highlights efforts to instal... |
| Feb 13, 2024 | DFPI, FTC Take Down Multimillion-Dollar Mortgage Assistance Scam that Preyed on Struggling Homeowners | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that, in partnership with the Federal Trade Commission (FTC), it has secured a key consumer protection vi... |
| Feb 8, 2024 | Governor Newsom and Attorney General Bonta Deploy State Attorneys to Boost Criminal Prosecutions in Oakland and the East Bay | Lawyers from the California National Guard and California Department of Justice Deployed to Support Crime Prosecution in Oakland and Alameda County
WHAT YOU NEED TO KNOW: Governor Newsom and Attorney General Bonta are launching a new partne... |
| Jan 13, 2024 | January 2024 Monthly Bulletin | Annual reports for 2023 for DFPI Mortgage Lending (CRMLA), Finance Lenders (CFL), Payday Lenders (CDDTL), Student Loan Services (SLSA) and Debt Collectors (DCLA) are due in March.
A registered DFPI portal account is required to submit the A... |
| Jan 9, 2024 | DFPI Orders Credova Financial to Cease Hidden Junk Fees | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued a consent order against Credova Financial, LLC. The order is part of an effort to prot... |
| Nov 22, 2023 | Honoring Those Who Have Served | Veterans and military servicemembers and their families are much more likely than civilians to be targeted by fraudsters. Veterans can be viewed as easy targets by scammers due to the assumption that veterans have a strong sense of giving b... |
| Oct 21, 2023 | Chime vs Capital One 360: Which Is Better for Online Banking? | JUMP TO Section
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Chime Pros and Cons
Capital One 360 Pros and Cons
Checking Account Comparisons
CD Comparisons
Which is More Trustworth... |
| Aug 16, 2023 | August 2023 Monthly Bulletin | The DFPI has sent out its biennial IT survey to all banks, including Foreign Banking Organizations, Credit Unions, and Trust Companies. The survey was emailed on July 29 to each institution’s designated email address in accordance with Fina... |
| Aug 9, 2023 | DFPI Continues Actions To Protect Investors from Crypto Scams | Download this press release (PDF)
SACRAMENTO – The Commissioner of the California Department of Financial Protection and Innovation (DFPI) announced today that she has issued desist and refrain orders against three different entities for vi... |
| Jul 20, 2023 | Varo vs. Chime: Which is Best for Online Banking? | Personal Finance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Banking Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Che... |
| Jul 19, 2023 | Investor Alert: False Crypto Bankruptcy Website | The California Department of Financial Protection and Innovation (DFPI) has been notified that a person falsely claiming to be the CEO of Voyager Digital is sending letters on Voyager letterhead directing consumers to access a website not a... |
| Jul 14, 2023 | DFPI Joins CFPB, Multiple States In Action Against Prehired for Illegal Student Lending Practices | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has joined the Consumer Financial Protection Bureau (CFPB) and 10 state attorneys general in fili... |
| Jul 13, 2023 | DFPI Joins CFPB, Multiple States In Action Against Prehired for Illegal Student Lending Practices | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has joined the Consumer Financial Protection Bureau (CFPB) and 10 state attorneys general in fili... |
| Jun 15, 2023 | Website rebeccafitzgeraldcassar.com is Fraudulently Posing as a California-licensed Investment Adviser | The California Department of Financial Protection and Innovation (DFPI) has received information that the website www.rebeccafitzgeraldcassar.com is fraudulently marketing itself as a licensed Investment Adviser.
The imposter website, www.r... |
| Jun 8, 2023 | Smart Ways to Save for Large Purchases | Smart Saving Tips: Identify Big Purchases and their Estimated Costs Pay Yourself First Set Obtainable SMART Goals Adopt the 50/20/30 Rule Open a High-Interest Savings Account Leverage Technology Identify Big Purchases and their Estimated Co... |
| Jun 8, 2023 | Homebuyers Guide to Navigating a Sellers’ Market | What is a seller’s market?
A sellers’ market in real estate occurs when there are more homebuyers than sellers. This means that sellers have the upper hand in setting prices and terms, and they will likely sell their place quickly and for a... |
| Jun 8, 2023 | DFPI Reports Continuing Success in Implementation of California Consumer Financial Protection Law | Significant Gains in Enforcement, Complaints, Consumer Outreach
Download this press release (PDF)
SACRAMENTO – The Department of Financial Protection and Innovation (DFPI) announced today it has made significant progress growing its reach a... |
| Jun 6, 2023 | DFPI Issues Action Against Coinbase Citing Staking Rewards Program Violates Securities Law | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued an action against Coinbase Global, Inc. and Coinbase, Inc. for violations of securitie... |
| Jun 5, 2023 | DFPI Continues Enforcement Sweep Against Unscrupulous Debt Collectors | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued enforcement actions against three entities for unlicensed debt collection activity und... |
| Jun 1, 2023 | DFPI, Federal Reserve Issue Joint Consent Order to Oversee Silvergate Bank Voluntary Liquidation | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today announced that it has issued a joint consent order with the Federal Reserve Board of Governors (FRB) to facilitate ... |
| May 19, 2023 | May 2023 Monthly Bulletin | The Broker-Dealer / Investment Adviser (BDIA) Division is continuing an annual online examination for certain registered Investment Advisers, in accordance with DFPI’s authority under California Corporations Code Section 25241, subdivision ... |
| May 16, 2023 | MTA Exemptions | Download official copy (PDF)
IN REPLY REFER TO: _________
FILE NO: _________
May 8, 2023
VIA EMAIL ONLY
RE: Request for Interpretive Opinion
Dear Mr. ___________:
Thank you for your letter to the Commissioner of Financial Protection and Inn... |
| May 8, 2023 | California DFPI Announces Results from Review of the Supervision and Closure of Silicon Valley Bank | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today released its Review of DFPI’s Oversight and Regulation of Silicon Valley Bank (SVB).
The report summarizes DFPI’s s... |
| May 1, 2023 | What happens to First Republic Bank's stock and deposits now? | First Republic Bank was teetering for weeks before it was seized early Monday by regulators, who then accepted a bid from banking giant JPMorgan Chase to acquire almost all of its assets.
That move is leading to a host of questions about wh... |
| Apr 19, 2023 | Escrow trust account funds, not stored value under MTA | Download official copy (PDF)
IN REPLY REFER TO: _________
FILE NO: _________
April 11, 2023
SENT BY EMAIL
Re: _________________
Dear __________:
This letter is in response to your August 24, 2022 letter requesting confirmation that _____... |
| Apr 13, 2023 | Webull Cash Management Account Review: Competitive Interest Rate, $0 Minimum Balance Requirements | JUMP TO Section
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Pros and Cons
Features
How Webull Works
Is Webull Trustworthy?
Webull Cash Management Account vs. Betterment Cash Rese... |
| Mar 26, 2023 | Bank runs have the crypto industry on high alert. 3 experts explain why the latest batch is especially worrisome — and what comes next. | Bank runs are happening faster in the digital era. Henrik5000/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Redeem now
Only a decade ago, bank runs happened at a much slowe... |
| Mar 21, 2023 | DFPI Statement: Comprehensive Review of Oversight and Regulation of Silicon Valley Bank | Download this press release (PDF)
“The Department of Financial Protection and Innovation is conducting a comprehensive review of the department’s oversight and regulation of Silicon Valley Bank and will issue a report by early May 2023. Thr... |
| Mar 20, 2023 | DFPI Statement: Comprehensive Review of Oversight and Regulation of Silicon Valley Bank | Download this press release (PDF)
“The Department of Financial Protection and Innovation is conducting a comprehensive review of the department’s oversight and regulation of Silicon Valley Bank and will issue a report by early May 2023. Thr... |
| Mar 17, 2023 | Some VC firms have started moving money back into Silicon Valley Bank, marking the latest turn in the bank's wild week | SVB crisis: Some tech VCs are now backing the bank again. Benjamin Fanjoy/Associated Press
Redeem now
Some VC firms have started moving their money back to Silicon Valley Bank.
That's just days after the bank was shuttered by the regul... |
| Mar 17, 2023 | DFPI Statement: First Republic Bank | Download this press release (PDF)
The deposits made today into California-chartered First Republic Bank by 11 large banks underscores the importance of regional banks in our banking system. Regional banks provide vital banking services reli... |
| Mar 13, 2023 | Silicon Valley Bank's spectacular implosion shows how digital banking can decimate a lender in 24 hours | Silicon Valley Bank's rapid implosion shows how bank runs can go at warp speed in the digital age.
SVB's customers tried to withdraw funds at a rate of nearly $500,000 a second Thursday.
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If the spectacular collapse o... |
| Mar 13, 2023 | EV SPACs hunt for cash, the SVB fallout continues and a new AV startup emerges | The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.
Welcome back to The Station, y... |
| Mar 13, 2023 | Silicon Valley Bank's spectacular implosion shows how digital banking can decimate a lender in 24 hours | Regulators shut down Silicon Valley Bank on Friday. Getty Images
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Trending UK analysis Silicon Valley Ba... |
| Mar 13, 2023 | Whether It’s The Notable Silicon Valley Bank, Meta Or Google, Your Job Isn’t Safe—It’s Time To Look After Yourself | The economy has become too volatile, and workers are no longer safe. getty |
| Mar 13, 2023 | Biden says America's 'banking system is safe' after regulators back up all SVB deposits | Some 72 hours after the implosion of Silicon Valley Bank tipped the life sciences industry on its head, federal regulators have vowed to backstop all deposits to mitigate fear seeping into the financial system.
“Every American should feel c... |
| Mar 12, 2023 | Silicon Valley Bank: путь к банкротству и уроки для финансового сектора | Динамика стоимости облигаций Silicon Valley Bank
Что будет дальше
В своем пресс-релизе FDIC заявил, что клиентам можно не переживать и все получат свои деньги (но возможно не сразу), и отметил, что:
Во время закрытия банка FDIC в качестве у... |
| Mar 11, 2023 | Silicon Valley Bank gave the tech industry 40 years. The tech industry couldn't give Silicon Valley Bank 40 hours. | Silicon Valley Bank was shut down by regulators on Friday.
The bank has long been a key piece of the tech community.
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Silicon Valley Bank was shut down by regulators on Friday morning, a stunning end to a bank considered a key ... |
| Mar 11, 2023 | Silicon Valley Bank gave the tech industry 40 years. The tech industry couldn't give Silicon Valley Bank 40 hours. | A locked door to a SVB location in Menlo Park, California, on Friday. The announcement on the door was from the FDIC, which took control of SVB on Friday. Jeffrey Dastin/Reuters
Sign up for notifications from Insider! Stay up to date with w... |
| Mar 11, 2023 | Крах Silicon Valley Bank: предпосылки, мнения, реакция рынка | Что мы знаем про Silicon Valley Bank
SVB занимал 16-ое место в списке крупнейших банков США, его капитализация составляла свыше $200 млрд.
Основные клиенты банка — технологические стартапы, получившие финансирование от венчурных инвесторов ... |
| Mar 10, 2023 | California Financial Regulator Takes Possession of Silicon Valley Bank | Download this press release (PDF)
SAN FRANCISCO – The California Department of Financial Protection and Innovation (DFPI) announced today that, pursuant to California Financial Code section 592, it has taken possession of Silicon Valley Ban... |
| Mar 10, 2023 | Silicon Valley Bank’s collapse is an ‘absolute meltdown’ of unparalleled scale for many in tech | The closure of Silicon Valley Bank by financial regulators is causing startups to scramble. (Bigstock Photo.)
What was previously a point of pride on Silicon Valley Bank’s website now reads like a warning sign: nearly half of U.S. venture-b... |
| Mar 10, 2023 | Silicon Valley Bank shut down by regulators. Here's what to know. | Financially-troubled Silicon Valley Bank shut down Financially-troubled Silicon Valley Bank shut down 02:21
California regulators on Friday abruptly shuttered Silicon Valley Bank, closing a 40-year-old financial institution that catered to ... |
| Mar 10, 2023 | Regulators close Silicon Valley Bank in stunning downfall for financial mainstay of tech industry | Employees based in Silicon Valley Bank’s downtown Seattle office were instructed to work from home after regulators announced Friday that they were taking over the bank. (GeekWire Photo / Nate Bek)
The rapid collapse of Silicon Valley Bank ... |
| Mar 6, 2023 | In Recognition of National Consumer Protection Week, Attorney General Bonta Highlights Consumer Resources and DOJ Priorities | Urges consumers to report violations of the law to the California Department of Justice at oag.ca.gov/report
OAKLAND – In recognition of National Consumer Protection Week, California Attorney General Rob Bonta today highlighted ongoing effo... |
| Feb 28, 2023 | DFPI Continues Crackdown on Student Loan Debt Relief Companies | Download this press release (PDF)
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that it entered into a Consent Order with an unlicensed Orange County student debt relief company, EDU Do... |
| Feb 28, 2023 | DFPI Regulators to hold live Q&A with StandardC on the SAFE Banking Act | For nationwide banks and credit unions that want to understand how to navigate banking in the cannabis industry and the implications of the SAFE Banking Act.
SAN FRANCISCO (PRWEB) February 28, 2023
Today, StandardC, the leading fintech plat... |
| Feb 13, 2023 | Protect Your Heart and Your Wallet from Romance Scams | Be careful what you post and make public online. Scammers can use details shared on social media and dating sites to better understand and target you. Beware if your new online love interest seems too perfect. Remember, if it seems too good... |
| Feb 10, 2023 | February 2023 Monthly Bulletin | The DFPI has issued guidance directed to financial institutions, lenders, and mortgage servicers in California whose customers may be experiencing financial hardship as a result of recent severe winter storms, flooding, and landslides. The ... |
| Feb 7, 2023 | ROMA FRANCHISE CORPORATION ANNOUNCES FRANCHISE SALES OPPORTUNITY FOR THEIR NEW CONCEPT TONY ROMA’S BONES & BURGERS | Tony Roma's Bones and Burgers Logo
Roma Franchise Corporation d/b/a Tony Roma’s ® announced that it is now selling franchises for the Tony Roma’s Bones & BurgersTM fast casual concept.
The feedback from customers in Tampa thus far ... |
