California Governor Newsom announced the appointment of Clothilde “Cloey” Hewlett as the next Commissioner of the Department of Financial Protection and Innovation (DFPI).  She will start after Thanksgiving, when she will take over for the Acting Commissioner, Christopher Shultz.  Hewlett is the current Executive Director and Chief Legal Officer for the Cal Alumni Association, and previously served as Undersecretary of the State and Consumer Services Agency and Interim Director of the Department of General Services.  She also has extensive enforcement experience, previously serving as an Assistant District Attorney for the San Francisco District Attorney’s Office, Criminal Investigator with the City and County of San Francisco, and Director of Moral Character Determinations for the State Bar of California.  Ms. Hewlett’s appointment is subject to confirmation by the California Senate within one year.

Continue Reading New Commissioner Appointed to lead CA DFPI: Cloey Hewlett

Licensees and applicants under the California Financing Law are reminded of the following:

  • Licensees under the California Financing Law not currently on NMLS must transition onto NMLS by December 31, 2021.
  • New applicants under the California Financing Law may only apply through NMLS.
  • Existing licensees under the California Financing Law on NMLS must convert to an electronic surety bond through NMLS.


Continue Reading NMLS Transition for California Financing Law Licensees: December 31, 2021 Deadline