DFPI Escrow Advisory Committee Meeting Minutes

consumer protection

oining the DFPI. Advisory members also introduced themselves to the Commissioner. Commissioner Hewlett briefly shared her vision for the DFPI which primarily focusing on consumer protection; encourage safe, responsible, and innovative growth of financial marketplace; help to stimulate the economy and encourage responsible innovation and smart enforcement; and make the DFPI a national model for consumer protection and responsible innovation. Commissioner Hewlett also shared some of the goals derived from her vision as follows: - Implementation of the California Consumer Financial Protection Law

complaints

derived from her vision as follows: - Implementation of the California Consumer Financial Protection Law, specifically, providing guidance to companies on responding to complaints, strengthening the DFPI’s engagement with innovators through the Office of Financial Technology Innovation, and establishing registration procedures Page 1 of 3 - Implementation of the Governor’s Executive Order to create policies that strengthen consumer protection while promoting responsible innovation on Crypto Assets that are equitable, inclusive, and consider environmental impact - Enabling generational wealth-

education

ESCROW ADVISORY COMMITTEE MEETING September 7, 2022 10:00 AM – 12:00 PM 2101 Arena Blvd., Room 110A/B Video Conference Room, Sacramento, CA 95834 300 S. Spring Street, 15th Floor Conference Room, Los Angeles, CA 90013 (866) 709-4440; participant code 7675-977 Department of Financial Protection and Innovation Represented by: Clothilde Hewlett, Commissioner Sheila Oliver, Deputy Commissioner Paul Liang, Special Administrator – Licensing Gary Suzuki, Special Administrator – Regulatory Committee Members: Benjamin Griffin, Griffin, P.C.

NMLS

ition to sharing her vision for the DFPI, Commissioner Hewlett also shared her vision for the Escrow Law program as follows: - Transition the escrow law program onto the Nationwide Multi-state Licensing System (NMLS) to bring efficiencies to escrow licensure and examination - Resolve escrow law program’s operational deficiencies to ensure the program has the resources to provide adequate regulatory support for both consumers and the industry - Modernizing the escrow law. The DFPI’s legal division will work closely with the Escrow Law program to identify areas in the statute and regulations whi

licensing

Department of Financial Protection and Innovation Represented by: Clothilde Hewlett, Commissioner Sheila Oliver, Deputy Commissioner Paul Liang, Special Administrator – Licensing Gary Suzuki, Special Administrator – Regulatory Committee Members: Benjamin Griffin, Griffin, P.C. / Attorney Bradley Cohen, Granite Escrow & Settlement Services / Other Business Ownership Claire Bartos, Las Brisas Escrow, Inc. / Immediate Past Chairperson EIC * Heidi Cassel, Solaris Escrow, Inc. / Medium Sized Escrow Company Juliana Tu via phone, Viva Escrow! Inc. / Business Specialization Larry Black via phone, Dia