Don't Work with Jerks – Understanding the DFPI Order Against Yotta
In this episode, Brian Tate, the IPA's CEO, discusses the California Department of Financial Protection and Innovation's recent consent order against Yotta Technologies.
He covers what led up to the order, how it might herald a new age of regulation for Fintechs, and why it shows that companies shouldn't do business with jerks.
This podcast was recorded on May 19, 2026. Things may have changed by the time you hear it.
Listeners can learn more about the world of payments by attending one of our upcoming events:
* 2026 Education Forum Hosted by the Retail Gift Card Association [https://thergca.org/RGCA/Events/Education/Best-Buy-RGCA-Education-Forum-2026/2026-Display.aspx?WebsiteKey=610d1900-b923-433c-a897-5e6eb129543e&hkey=9a1a84b7-5fbf-40b4-8486-491de3cf8ccc&033973826dfc=1#033973826dfc] and Best Buy, June 10, 2026, at Best Buy Headquarters in Richfield, Minnesota
* IPA Payments Policy Briefing [https://web.ipa.org/events/IPAPayments%20Policy%20Briefing-21131/details] , July 9, 2026, at Bancorp's Offices in Sioux Falls, South Dakota
* Compliance Boot Camp [https://web.ipa.org/events/IPACompliance%20Boot%20Camp-21130/details], September 10, 2026, at Discover's Headquarters in Riverwoods, Illinois, on September 10