In The News

California Passes Two Bills With Impacts on Mortgage Industry

Inside Mortgage Finance

14 Sep 2020

Nancy Thomas spoke to Inside Mortgage Finance about the recently passed legislation that seeks to revamp the Department of Business Oversight (DBO) under a new name, the Department of Financial Protection and Innovation (DFPI), with expanded oversight and enforcement authority.

“That reorganization and expansion is going to have a significant impact on all regulated entities, including mortgage lenders and servicers,” said Nancy, “We see a lot of ‘regulation by enforcement’ in the DBO … I think that’s going to continue [in the DFPI] and is going to be more.”

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