CA-DFPI TO ISSUE CONDITIONAL DCLA LICENSES IN JANUARY 2023, SAFE HARBOR TO EXPIRE DECEMBER 31

The California Department of Financial Protection and Innovation (“DFPI”) plans to start issuing conditional licenses on January 1, 2023 to debt collectors that have applied under the state’s Debt Collection Licensing Act (“DCLA”). The DFPI also plans to end the regulatory safe harbor allowing debt collectors that have applied for a license to continue to collect consumer debt in California at the same time.
Read More