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DFPI Secures Over $68,500 in Consumer Refunds from Carbon Credit Dealer

Secondary article California Department of Financial Protection and Innovation (DFPI)
Published: 2025-07-02 Accessed: 2026-10-09
Original source ↗ Archived copy ↗

Summary

California’s DFPI secured $68,500 in refunds for consumers after a Texas-based carbon credit dealer failed to disclose hidden markups.

Key quotes

"Transparency and disclosure are essential in California’s carbon credit market."
"The investigation found that only $300 of a consumer’s $500 purchase of carbon credits funded underlying environmental projects. "
"It is the first time DFPI has taken action against a carbon credit seller for its failure to disclose fees."

The California Department of Financial Protection and Innovation (DFPI) reached a settlement with Terrapass (Restitution Brands LLC), a Texas-based company, for failing to disclose over 40% hidden markups on carbon credit sales to California consumers. The settlement included refunds totaling $68,500 for affected consumers and businesses. This marks the first time the DFPI has enforced action against a carbon credit seller for undisclosed fees, ensuring greater market transparency in financial and environmental transactions.