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The Department of Financial Protection and Innovation has a long history, dating back to the formation of California's first banking department. It became the DFPI in 2020 with the passage of the California Consumer Financial Protection Law (CCFPL). [2] Formation of State Banking Department (1909) and State Corporations Department (1913)
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Chime, the once-high-flying fintech, has agreed to pay $2.5 million to the California Department of Financial Protection and Innovation to settle claims that it violated the state’s consumer ...
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State of California - Official website; California State Government Organization Archived 2010-10-06 at the Wayback Machine - Chart showing a hierarchy of the above departments and commissions
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Pursuant to the Governor's Reorganization Plan No. 2 of 2012, the Department of Financial Institutions and Department of Corporations became divisions of the California Department of Business Oversight (DBO) on July 1, 2013.
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