Collins Asset Group's licence revocation by California DFPI indicates enforcement action against a money services business, likely a money transmitter or MSB operating under California financial services regulations.
Low confidence — requires human review. Without explicit confirmation of the entity's specific regulatory classification (money transmitter vs. other MSB type), a secondary enforcement tag cannot be confidently assigned; this update lacks detail on the specific payments violation.
Specialism
The DFPI formally revoked Collins Asset Group's licence on April 22, 2026, which is a permanent withdrawal of authorisation to operate under California financial services regulations.
Low confidence — requires human review. While the entity engaged in unlicensed activities, the update does not specify the underlying regulatory breach category (AML, fraud, customer protection, etc.), making subject-matter classification difficult.
2026-04-24 15:27:08·ataylor@vixio.com
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Content ID
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Enforcement orders to Collins Asset Group LLC
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TITLE: California's Department of Financial Protection and Innovation Revokes Collins Asset Group Licence
BODY:
On April 2, 2026, the California Department of Financial Protection & Innovation (DFPI) issued an accusation and desist and refrain order against Collins Asset Group, LLC (DCLA # 10277-99). The DFPI took subsequent action on April 22, 2026, issuing an order revoking the entity's licence.
The desist and refrain order directed Collins Asset Group, LLC to cease and desist from engaging in unlicensed activities, effective immediately upon service. The revocation order, issued on April 22, 2026, formally terminated the entity's authorisation to operate under California financial services regulations. The specific grounds for the licence revocation are contained in the accusation filed by the DFPI on April 2, 2026.
Consumers or other parties with questions regarding this action or the regulated entity may contact the DFPI's Consumer Services Office at 1-866-275-2677 for further assistance.
REFERENCES:
California Department of Financial Protection & Innovation. Actions and Orders: Collins Asset Group, LLC. Available at: https://dfpi.ca.gov/
Collins Asset Group, LLC - DFPI Skip to Main Content Home Actions and Orders Collins Asset Group, LLC License or Case Number DCLA # 10277-99 Date of Initial Action 04/02/2026 Date of Most Recent Action 04/22/2026 Party Collins Asset Group, LLC Documents 04/02/26 – Accusation (PDF) 04/02/26 – Desist & Refrain Order (PDF) 04/22/26 – Order Revoking (PDF) r About the Regulated Entity If you have further questions or need more assistance, please call the DFPI’s Consumer Services Office at: 1-866-275-2677 . Search This Entity Updated: April 23, 2026