The California Deferred Deposit Transaction Law (CDDTL) Database is not a private company but a regulatory tool established by California law and administered by the California Department of Financial Protection and Innovation (DFPI). Its primary mission is to enforce the state's payday lending regulations, protect consumers from getting trapped in cycles of debt, and provide licensed lenders with a real-time system to check if a potential borrower has an outstanding payday loan. Before funding a new payday loan, a licensed lender must query the database to confirm the customer's eligibility. The system tracks all deferred deposit transactions (payday loans) in the state to ensure that both lenders and consumers adhere to legal limits.

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United States