California DFPI Consent Order Requires $44,000 Penalty and Credits to 18 Businesses
A Houston-based commercial finance provider agreed to pay an administrative penalty and investigative costs and provide credits to California businesses to resolve allegations of unlicensed lending and disclosure failures.
2 reports on this incident · first at Aug 28, 2026, 11:52 a.m. ET
Earlier reports
Aug 28, 2026, 11:52 a.m. ETFirst report
California DFPI Reaches Consent Order with Commercial Finance Provider
The California Department of Financial Protection and Innovation (DFPI) has entered into a consent order with a commercial finance provider to resolve allegations of violating the California Financing Law and the state's commercial financing disclosure requirements, as well as charges above the state constitutional interest-rate limit, according to a report by natlawreview.com.
Under the consent order, the provider will pay a $44,000 administrative penalty, $2,500 in investigative costs, and provide approximately $88,959 in credits to 18 California businesses, the report said.
The case is an administrative matter that has been resolved by consent, according to the report.
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Revision history
- Version 128 Aug 2026, 15:52current
First published.
- Version 11 Sept 2026, 17:22current
First published.
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