California DFPI ordered financial institutions to report data on how lenders managed insurance payouts to survivors of the Los Angeles fires.
What changed
Lenders must comply with this reporting requirement or face state enforcement actions.
Compliance perspective
Failure to comply may lead to penalties including fines or other regulatory actions.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.