The DFPI ordered Navitas to pay a $4 million penalty for conducting unlicensed lending activities.
What changed
$4 million penalty imposed for violation of the California Financing Law.
Compliance perspective
Affected consumers will receive refunds within 90 days.
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.