On February 9, 2024, the California Department of Financial Protection and Innovation (DFPI) published a proposed rule to adopt new regulations under the Debt Collection Licensing Act (DCLA). Under the DCLA, a debt collector licensee is required to pay the DFPI Commissioner its “pro rata share of all costs and expenses incurred in the administration” of the DCLA, which is calculated in part based on the licensee’s “net proceeds generated by California debtor accounts,” but the term “net proceeds” was not defined in the statute.
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STERLING, Il. -- Traci Oltmans and the VeriFacts team are at it again with the annual Spinathon fundraiser in support of their local Sterling-Rock Falls Family YMCA. Now in their fifth consecutive year of participating, the donations raised will support thousands of area children through financial support for swim lessons, gym memberships, camp attendance, and other summer childcare programs and activities.
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