Banking Law News

California Regulator Who Guided Fintech Growth Steps Aside

June 5, 2019, 9:31 AM

Last year, Jan Owen described her priorities as California’s chief financial services regulator as ending sexual harassment, supporting cannabis banking, and helping Bay Area and Silicon Valley startups navigate the business of banking.

Or, as Owens put it, sex, drugs and skinny jeans.

It is the latter, a play on fintech startups’ more relaxed dress code, which could prove to be most notable as Owen concludes her eight-year tenure in a state that’s given birth to companies ranging from Square and Stripe to Coinbase and Kraken that are changing the way loans are made and money is moved.

“She’s an...

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