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Financial Services Law Insights and Observations

California appoints Manuel Alvarez as DBO Commissioner

State Issues CDBO Regulation Supervision

State Issues

On March 28, the California governor announced that Manuel Alvarez has been appointed Commissioner of the California Department of Business Oversight. Since 2014, Alvarez has been general counsel, chief compliance officer, and corporate secretary at an online purchase lender. Prior to those roles, he was an enforcement attorney with the CFPB, and a deputy attorney general at the California Department of Justice. Alvarez’s appointment will require the confirmation of the state Senate.