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People also ask
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What is the California Department of Business Oversight?
The Department of Business Oversight (DBO) protects consumers and oversees financial service providers and products. The DBO supervises the operations of state-licensed financial institutions, including banks, credit unions and money transmitters.
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Who is the commissioner of business oversight in California?
As of December 6, 2021, Commissioner Clothilde V. Hewlett leads the department, which has offices in Sacramento, San Francisco, Los Angeles, and San Diego.
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What is department of business oversight?
The DBO protects the public from fraud and violations of law committed by investment and financial service businesses in California. The DBO can issue administrative orders; deny, censure, suspend, or revoke licenses of individuals and companies; and file civil actions against wrongdoers.
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Who oversees corporations in California?
The California Department of Financial Protection and Innovation (abbreviated DFPI; formerly the Department of Business Oversight, DBO) regulates a variety of financial services, businesses, products, and professionals.
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Who is the head of the CA DFPI?
Clothilde V. Hewlett is Commissioner of the California Department of Financial Protection & Innovation (DFPI), the State's financial regulator.
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Who regulates business in California?
California Department of Business Oversight. The Department of Business Oversight (DBO) provides protection to consumers and services to businesses engaged in financial transactions. The Department regulates a variety of financial services, products and professionals.
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