SACRAMENTO, Calif. -- After a nationwide search, the California Department of Financial Protection and Innovation (DFPI) announced today it has hired Christina Tetreault to lead the new Office of Financial Technology and Innovation, which will provide a national model for fostering responsible innovation by offering early guidance to entrepreneurs developing financial products and services in California.
The announcement finalizes hiring for the most critical positions needed to stand up major offices and divisions to carry out the California Consumer Financial Protection Law (CCFPL), which took effect Jan. 1. In the next few months, Tetreault will work to establish regular ‘office hours’ for fintech innovators and stakeholders and plans to host listening sessions to gather feedback on how the San Francisco-based office can provide support and guidance to emerging businesses that will spur job creation and safeguard consumers.
Earlier this year, the DFPI announced the hiring of Suzanne Martindale, a veteran consumer advocate and key architect of the new law, to lead the Consumer Financial Protection Division. The new division will be responsible for regulating previously unregulated financial services providers and debt collectors and establishing a market monitoring and research arm to keep up with industry trends. The division will also conduct targeted outreach to underserved communities throughout the state.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in