DFPI entered a consent order dated June 3, 2026 against Navitas Credit Corp. over unlicensed lending activity in California. DFPI said the company must pay a $4 million penalty and provide refunds to eligible borrowers.
What changed
The action imposed a significant monetary penalty and borrower remediation for lending activity conducted without the required California authority.
Compliance perspective
Lenders should review California licensing scope for commercial and consumer products, affiliate activity, and broker or referral channels that may create licensing exposure. Unlicensed activity can trigger both penalties and refund obligations.
Key date
Effective date: June 3, 2026.
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