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HomeFinancial Code[DIVISION 10. CON...Ch. 3Art. 5§ 23070 Department Of Financial Protection And Innovation

§ 23070 Department Of Financial Protection And Innovation

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 23070 Department Of Financial Protection And Innovation

Key Takeaways

  • •The government wants the Department of Financial Protection and Innovation to handle check cashing rules.
  • •This means the Department of Justice won't be in charge of check cashing rules anymore.
  • •The change started on January 1, 2023.

Example

If you go to a store to cash a check, and there's a problem.

Before, you might talk to the Department of Justice about it. Now, you talk to the Department of Financial Protection and Innovation instead.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 23070 Department Of Financial Protection And Innovation

(a) The Legislature finds and declares that it is in the public interest for the administration and enforcement of this division to be undertaken by the Department of Financial Protection and Innovation. (b) It is therefore the intent of the Legislature to transfer the existing responsibilities relating to administration and enforcement of check cashers that engage in activities subject to this division from the Department of Justice to the Department of Financial Protection and Innovation. (Amended by Stats. 2022, Ch. 452, Sec. 145. (SB 1498) Effective January 1, 2023.)

Last verified: January 23, 2026

Key Terms

enforcementlegislaturefinancial protectioninnovationadministration

Related Statutes

  • § 23071 Check Cashing Oversight Transfer
  • § 23072 Fund Transfer Authority
  • § 23073 Employee Transfer To Dfpi
  • § 3305 Licensee Information Sharing
  • § 23046 Deferred Deposit Business Examinations

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 23070.
View Official Source