Commissioner of Financial Protection and Innovation
E927678
The Commissioner of Financial Protection and Innovation is California’s chief financial regulator responsible for overseeing and enforcing state laws governing financial services, consumer protection, and financial innovation.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Commissioner of Financial Protection and Innovation canonical | 1 |
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
financial regulatory authority
ⓘ
state government office ⓘ |
| agencyRenamedFrom | California Department of Business Oversight NERFINISHED ⓘ |
| alsoKnownAs |
California Commissioner of Financial Protection and Innovation
NERFINISHED
ⓘ
DFPI Commissioner NERFINISHED ⓘ |
| appliesTo |
financial institutions operating under California law
ⓘ
non‑bank financial service providers subject to California licensing ⓘ |
| appointedBy | Governor of California ⓘ |
| collaboratesWith |
federal financial regulators
ⓘ
other state financial regulatory agencies ⓘ |
| confirmedBy | California State Senate NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| goal |
fostering fair, transparent, and responsible financial innovation
ⓘ
protection of California consumers in financial markets ⓘ |
| hasAuthority |
to bring enforcement actions against regulated entities
ⓘ
to impose administrative penalties for violations of California financial laws ⓘ to issue licenses and revoke licenses of financial service providers ⓘ to issue regulations implementing California financial laws ⓘ |
| headOf | California Department of Financial Protection and Innovation NERFINISHED ⓘ |
| jurisdiction |
California, United States
ⓘ
surface form:
State of California
|
| legalBasis |
California Consumer Financial Protection Law
NERFINISHED
ⓘ
California Financial Code NERFINISHED ⓘ |
| locatedIn |
California, United States
ⓘ
surface form:
California
|
| mandate |
to ensure compliance with California financial statutes and regulations
ⓘ
to protect Californians from unfair, deceptive, or abusive financial practices ⓘ |
| oversees |
California‑chartered banks
ⓘ
California‑chartered credit unions ⓘ certain fintech and innovative financial products within California jurisdiction ⓘ certain securities and investment businesses under California law ⓘ state‑licensed money transmitters ⓘ |
| partOf | California state government NERFINISHED ⓘ |
| positionHeldBy | head of the California Department of Financial Protection and Innovation ⓘ |
| predecessorOffice | Commissioner of Business Oversight NERFINISHED ⓘ |
| responsibleFor |
consumer protection in financial services markets
ⓘ
enforcement of California consumer financial protection laws ⓘ licensing and supervision of financial service providers under California law ⓘ oversight of financial services in California ⓘ promotion of responsible financial innovation ⓘ regulation of certain non‑bank financial service providers ⓘ regulation of state‑licensed financial institutions ⓘ |
| scope | state‑level financial regulation ⓘ |
| seat | Sacramento, California NERFINISHED ⓘ |
| sector | financial services regulation ⓘ |
| subordinateTo | Governor of California NERFINISHED ⓘ |
| workLocation | California Department of Financial Protection and Innovation headquarters NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.