California orders lenders to report on handling of insurance payouts to LA fire survivors
SACRAMENTO, Calif. (AP) — California officials on Thursday ordered mortgage lenders, including banks and credit unions, to report how they have handled insurance payouts to survivors of the 2025 Los Angeles-area fires. The California Business and Consumer Services Agency and the Department of Financial Protection and Innovation want to speed the release of insurance proceeds lenders hold before distributing them to homeowners. DFPI has received more than 160 complaints about payment delays a...
Read MoreThu, 15 Oct 2026
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