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Consumer Law

Jan. 6, 2021

DFPI enforcement: Time will tell how active new agency is

In September, Gov. Gavin Newsom signed into law Assembly Bill 1864, the new California Consumer Financial Protection Law.

Matthew E. Sloan

Partner
Skadden, Arps, Slate, Meagher & Flom LLP

Email: matthew.sloan@skadden.com

Matthew is a partner in the Litigation and Government Enforcement Practice in Skadden's Los Angeles Office.

Rachael Schiffman

Associate
Skadden, Arps, Slate, Meagher & Flom LLP

In September, Gov. Gavin Newsom signed into law Assembly Bill 1864, the new California Consumer Financial Protection Law. Adopted in response to what some critics saw as the Trump administration's more lenient approach to enforcing federal consumer protection laws, the CCFPL creates a state version of the federal Consumer Financial Protection Bureau by reorganizing and rebranding the Department of Business Oversight as the Department of Financial Protection and Innova...

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