Manuel Alvarez was previously general counsel and chief compliance officer at Affirm; today he was sworn in as commissioner of the California Department of Business Oversight; Jan Lynn Owen previously headed the agency for 6 years since it was created; the agency regulates banks and non-bank lenders and was the result of a merger between the Department of Corporations and the Department of Financial Institutions; Alvarez was previously an enforcement attorney at the CFPB as well. Source
