California’s New Consumer Protection Secretary: What Chopra’s Appointment Signals for the Financial Services Industry

A former CFPB director now leads California’s new consumer agency. Here is what that likely means for enforcement. When Governor Gavin Newsom split California’s Business, Consumer Services, and Housing Agency into two focused cabinet-level departments in 2025, it was a bureaucratic reform that few outside Sacramento noticed.... By: Troutman Pepper Locke