California DFPI Seeks Comments on Debt Collection License Application and Requirements The California state regulator is seeking input on electronic licensing and grounds for denying a license, among other changes, by June 8, 2021. 4/27/2021 12:00 PM News The California Department of Financial Protection and Innovation (DFPI) has filed a Notice of Proposed Rulemaking to add to the agency’s licenses application process. The Debt Collection Licensing Act was signed into law in September 2020, as was legislation to create the DFPI—essentially a state version of the Consumer Financial Protection Bureau. The DFPI will include oversight of debt collectors and emerging financial technology products, ACA International previously reported.