Best Financial Services Regulation Lawyers in California

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

Davies & Associates, LLC
Los Angeles, United States

Founded in 2020
100 people in their team
English
Spanish
Italian
Hindi
Gujarati
Vietnamese
Banking & Finance Financial Services Regulation Tax Increment Financing +9 more
Davies & Associates ("D&A") has grown to become the largest global law firm specializing in US, UK and Italian business and investment immigration together with Citizenship and Residency by Investment (together, “CBI”).  Our lawyers are regarded as the leaders in the US E2...
Weil, Gotshal & Manges LLP
Redwood Shores, United States

Founded in 1931
1,100 people in their team
English
Founded in 1931, Weil has provided legal services to the largest public companies, private equity firms and financial institutions for the past 90 years. Widely recognized by those covering the legal profession, Weil’s lawyers regularly advise clients globally on their most complex Litigation,...
Rutan & Tucker lawyers
Irvine, United States

Founded in 1955
500 people in their team
English
Rutan & Tucker lawyers are experienced and highly regarded experts, delivering sophisticated and superior client service and value in a wide-range of practice areas, markets and industries. Our lawyers enjoy what they do and appreciate the opportunity to help our clients achieve their goals. We...
Potomac Law Group, PLLC.
Newport Beach, United States

125 people in their team
English
Innovation, Excellence, and ProfessionalismPotomac Law is committed to innovation, excellence, and professionalism. Our value stems directly from the talent and commitment of our attorneys who practice law throughout the United States. Our attorneys have outstanding academic credentials and...
APLAW.LAW
Los Angeles, United States

Founded in 2017
6 people in their team
English
In 2017, Mary Carter Andrues, Vicki Podberesky, Michael Nasatir, and Richard Hirsch joined forces to form ANDRUES/PODBERESKY, a criminal and civil litigation boutique law firm specializing in the representation of clients involved in federal and state criminal investigations and prosecutions,...
China Legal Group

China Legal Group

30 minutes Free Consultation
Laguna Beach, United States

Founded in 2023
15 people in their team
Chinese
English
Spanish
Portuguese
Japanese
Korean
hina Legal Group 北京国桓律师事务所 - Legal Excellence Sponsoring Success -Chinese Financial and Capital Lawyer specializing in PE, VC, Capital Markets, Global IPO and Offering, M&A, Investments, Intellectual Property, etc;Worked on many high-profile deals such as Baidu.com, 58.com,...
Bledsoe, Diestel, Treppa & Crane LLP
San Francisco, United States

Founded in 2000
18 people in their team
English
For nearly 70 years, Bledsoe, Diestel, Treppa & Crane LLP has provided its clients with high quality legal representation in state and federal courts throughout California. A-V rated and with a proven record of success in all venues, our partners and associate attorneys have excellent academic...
Roxborough, Pomerance, Nye & Adreani, LLP
Woodland Hills, United States

Founded in 1996
50 people in their team
English
Just the facts-Founded in 1996, RPNA is a boutique law firm dedicated to providing businesses with a broad range of legal services. RPNA advises clients through out California with offices in Woodland Hills, Los Angeles, and Sacramento.Our attorneys are the authorities in business law-RPNA...
Bailey Glasser
Oakland, United States

Founded in 1999
123 people in their team
English
Founded by Ben Bailey and Brian Glasser in 1999 in Charleston, West Virginia, Bailey Glasser has grown to include 76 lawyers, with 17 offices across the United States. The firm’s complex litigation practice focuses on high-stakes commercial litigation; class actions for consumers, insureds,...
Paul Hastings
Century City, United States

Founded in 1951
5,000 people in their team
English
With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading...
AS SEEN ON

About Financial Services Regulation Law in California, United States

Financial services regulation in California is a complex legal field involving the oversight, licensing, and supervision of financial institutions and service providers. This includes banks, credit unions, mortgage lenders, payday lenders, money transmitters, investment advisors, and other types of financial entities operating in the state. California's regulatory framework aims to protect consumers, foster transparency, and ensure the stability and integrity of the financial system. The California Department of Financial Protection and Innovation (DFPI) is the primary regulatory authority overseeing these financial services, operating under both state and federal laws.

Why You May Need a Lawyer

Many individuals and businesses find themselves needing legal help with financial services regulation for different reasons. Some common situations include:

  • Starting a new financial business and needing guidance on licensing or compliance requirements.
  • Responding to investigations or enforcement actions from the DFPI or federal regulators.
  • Negotiating with regulatory agencies regarding alleged violations or fines.
  • Reviewing contracts and products for compliance with consumer protection laws.
  • Seeking legal strategies for managing or reporting data breaches or suspected fraud.
  • Needing support with the application or renewal process for operating licenses.
  • Understanding the impact of new laws on existing businesses, products, or services.
  • Assisting with mergers, acquisitions, or strategic partnerships in the regulated financial space.

Legal guidance is important because the financial regulatory environment is always changing, and non-compliance can lead to serious penalties, business interruptions, or loss of reputation.

Local Laws Overview

California has its own set of state laws and regulations that apply in addition to federal laws. Some of the most important laws and regulations affecting financial services providers in California include:

  • California Consumer Financial Protection Law (CCFPL): This state law gives the DFPI broad powers to oversee a wide range of consumer financial products and services, especially those not already heavily regulated at the federal level.
  • California Financing Law (CFL): Governs lenders, brokers, and other financial service providers making commercial or consumer loans.
  • Money Transmission Act (MTA): Regulates companies that transmit money or payment instruments within California or to other locations.
  • California Residential Mortgage Lending Act (CRMLA): Applies to those engaged in residential mortgage lending.
  • Personal Information Privacy Laws: The California Consumer Privacy Act (CCPA) and related regulations detail how consumer financial information must be handled and protected.
  • Anti-Money Laundering (AML) and Fraud Laws: Financial services firms must follow strict rules to prevent, detect, and report possible money laundering or fraudulent activities.
  • State-Specific Licensing and Examination: Many financial service businesses must apply for and maintain state licenses, and are subject to audits or regular review by the DFPI.

California financial services laws are intended to work alongside federal regulations from agencies such as the Consumer Financial Protection Bureau (CFPB), Securities and Exchange Commission (SEC), and Federal Deposit Insurance Corporation (FDIC).

Frequently Asked Questions

What is the role of the California Department of Financial Protection and Innovation?

The DFPI regulates and oversees financial service providers in the state, issues licenses, conducts examinations, and enforces laws designed to protect consumers and maintain the integrity of California's financial marketplace.

Who needs to be licensed to provide financial services in California?

Most companies or individuals that offer lending, money transmission, mortgage origination, investment advice, or similar services must be properly licensed by the DFPI or another relevant state or federal authority.

What are some examples of financial products regulated in California?

Regulated products include personal and auto loans, mortgages, payday loans, money transmissions, reloadable prepaid cards, investment products, and many other offerings provided to California consumers.

What are the risks of operating without proper licensing?

Operating without the correct license can lead to severe penalties, including fines, orders to cease operations, and even criminal charges, as well as reputational harm.

How do privacy laws impact financial service providers in California?

State and federal privacy laws, such as the CCPA, require businesses to protect consumer financial data, notify consumers of data collection, and provide opt-out options for certain data uses.

What should I do if my business is being investigated by the DFPI?

Engage an experienced attorney who can help you respond to information requests, navigate the investigation process, and defend against possible enforcement actions.

How can a lawyer assist with compliance?

A lawyer can review your business operations and documents for compliance, help implement policies, train staff, and keep your business updated on regulatory changes.

Are fintech companies regulated differently in California?

Many fintech companies are subject to the same or even higher regulatory scrutiny, especially regarding licensing, consumer protection, anti-money laundering, and privacy compliance.

What should consumers do if they believe a financial service provider has violated the law?

Consumers can file complaints with the DFPI, seek advice from consumer advocacy groups, or consult a lawyer to explore their legal remedies.

How often do financial services laws change in California?

The regulatory landscape is frequently updated in response to technological advances, emerging financial products, or changes in federal law, making regular legal review crucial.

Additional Resources

If you are seeking more information or assistance, consider these reliable resources related to financial services regulation in California:

  • California Department of Financial Protection and Innovation (DFPI)
  • Consumer Financial Protection Bureau (CFPB)
  • Federal Deposit Insurance Corporation (FDIC)
  • California Secretary of State - Business Programs Division
  • California Department of Business Oversight (now part of DFPI)
  • National Credit Union Administration (NCUA)
  • Consumer Federation of California
  • Better Business Bureau

These organizations provide reports, guidance, complaint processes, and educational materials for both businesses and consumers.

Next Steps

If you need legal assistance with financial services regulation in California, you should:

  • Gather all relevant documents and communications related to your situation, such as contracts, notices, or regulatory correspondence.
  • Make a list of your questions or concerns to discuss with a legal professional.
  • Research and contact experienced lawyers or firms with a proven background in California financial services regulation.
  • Schedule an initial consultation to understand your rights and obligations and to receive guidance on your next steps.
  • Stay informed about ongoing regulatory changes that may affect your business or personal finances.

Taking prompt action with the help of qualified legal counsel can help you navigate complex regulations, reduce potential risks, and achieve compliance in the evolving financial services landscape in California.

Lawzana helps you find the best lawyers and law firms in California through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in California, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.