Alvarez Appointed New DBO Commissioner

DBO Commissioner
New California Department of Business Oversight Commissioner Manuel P. Alvarez

Governor Gavin Newsom recently appointed Manuel P. Alvarez as Commissioner of the California Department of Business Oversight.  He was sworn in on Monday, May 13.

This position requires Senate confirmation. 

Alvarez served previously as general counsel, chief compliance officer and corporate secretary at Affirm, Inc. since 2014.  Before joining Affirm, he was an enforcement attorney at the Consumer Financial Protection Bureau from 2011 to 2014, a deputy attorney general at the California Department of Justice from 2010 to 2011, and an associate at Dentons LLP from 2007 to 2010.

Alvarez earned a Juris Doctor degree from the University of California, Hastings College of the Law. 

He succeeds Commissioner Jan Lynn Owen, who has guided the DBO since its creation in 2013 as a merger of the former departments of Corporations and Financial Institutions.

“We wish Jan the best and we look forward to building a strong working relationship with Commissioner Alvarez," said California and Nevada Credit Union Leagues Senior Vice Preisdent of Advocacy Bob Arnould.

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