Regulatory Alerts2026-08-03
Added
Monthly Bulletin – August 2026
The DFPI sets the 2026-27 assessment rate at $2.08 per $1,000 of assets for banks and $0.015 per $1,000 received for transmission for money transmitters, while increasing the credit union rate to $1.04 per $1,000 of assets. Escrow agents with a fiscal year ending April 30, 2026, must submit annual reports by August 13, 2026, under penalty of $100 per day for the first five days late and $500 per day thereafter. The DFPI ordered five financial firms to return $1.3 million for excessive commissions and secured $7 million in restitution for victims of a land investment scam. Additionally, banks and credit unions are reminded to accept the California State Bar’s client trust account form to update records with attorney license numbers.
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