OCM Funding, LLC is a California finance lender under state consumer lending law, but the enforcement action lacks specific payment-related violations and does not clearly indicate involvement in payments services.
While the entity is regulated as a finance lender, the enforcement action does not specify payment service activities, making this a weak secondary match requiring human review.
Specialism
OCM Funding, LLC is a California finance lender (not a payment service provider), and the Desist and Refrain Order is a general enforcement action without specific payment-related violations identified.
The update lacks sufficient detail on the underlying regulatory breach or subject matter (AML, fraud, customer protection, etc.) to confidently assign a secondary specialism tag; requires human review for context.
2026-03-17 19:48:14·ataylor@vixio.com
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TITLE: California's Department of Financial Protection and Innovation Issues Desist and Refrain Order Against OCM Funding, LLC
BODY:
On March 13, 2026, the California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order against OCM Funding, LLC, a licensed entity operating under California Finance Lender License number 60DBO-184579.
The order requires OCM Funding, LLC to cease and desist from engaging in specified conduct. The DFPI simultaneously issued a Notice of Intention accompanying the enforcement action. The specific violations or conduct that prompted the order are detailed in the accompanying enforcement documents. OCM Funding, LLC is subject to the DFPI's regulatory oversight as a California finance lender, which operates under the California Financing Law and related state regulations governing consumer lending activities.
Desist and Refrain Orders are enforcement tools used by the DFPI to compel regulated entities to stop unlawful or unsafe practices. This action affects OCM Funding, LLC's ability to conduct certain business activities in California and may have implications for its existing customers and operations.
Entities and consumers with questions regarding this enforcement action or OCM Funding, LLC's compliance status can contact the DFPI's Consumer Services Office at 1-866-275-2677 for further assistance and information.
**Reference:**
California Department of Financial Protection and Innovation. OCM Funding, LLC – License or Case Number CFL # 60DBO-184579. Available at: https://dfpi.ca.gov/