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ARTICLE · 28 AUGUST 2026

DFPI Resolves Commercial Financing Licensing And Pricing Allegations

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On August 4, the DFPI entered into a consent order with a commercial finance provider concerning alleged violations of the California Financing Law and California’s commercial financing disclosure requirements...

United StatesFinance and Banking
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
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On August 4, the DFPI entered into a consent order with a commercial finance provider concerning alleged violations of the California Financing Law and California’s commercial financing disclosure requirements, as well as alleged charges above the state constitutional interest-rate limit. The company neither admitted nor denied the DFPI’s findings.

The consent order arose while the DFPI was reviewing the company’s pending application for a California finance lender license. According to the DFPI, the company allegedly:

  • Made loans before obtaining a license. The company entered into 18 equipment finance transactions and four other commercial loans with California businesses from at least 2022 through 2025 without a California finance lender license.

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