§ 23071 Check Cashing Oversight Transfer

Financial Code·California

AI SummaryVerified

Key Takeaways

•The Department of Financial Protection and Innovation is now in charge of overseeing check cashers.
•They have all the same powers and responsibilities that the Department of Justice used to have for this job.
•This change started on January 1, 2023.

Example

If a check cashing business is not following the rules, like charging too much or being unfair to customers.

Before, the Department of Justice would handle this problem. Now, the Department of Financial Protection and Innovation is the one who will step in to fix it.

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

Official Source

View on CA.gov

§ 23071 Check Cashing Oversight Transfer

The Commissioner of Financial Protection and Innovation and the Department of Financial Protection and Innovation shall succeed to, and are vested with, all duties, powers, purposes, responsibilities, and jurisdiction of the Department of Justice as they relate to check cashers who engage in the activities subject to this division. (Amended by Stats. 2022, Ch. 452, Sec. 146. (SB 1498) Effective January 1, 2023.)

Last verified: January 23, 2026

Key Terms

commission financial protection innovation the california department jurisdiction

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 23071.

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Key Takeaways

Example

Key Terms

Related Statutes

References