On October 15, 2026, the California DFPI ordered financial institutions to report on their handling of insurance payouts for fire survivors in Los Angeles. Non-compliance could lead to enforcement actions.
What changed
Financial institutions must now disclose information regarding their processes for handling insurance claims related to disaster recovery.
Compliance perspective
Lenders should establish compliant procedures for managing insurance payouts to mitigate enforcement risks.
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.