CaliforniaConsumers: financial protection.
What it does
Existing law, the California Consumer Financial Protection Law (CCFPL), requires the Department of Financial Protection and Innovation, headed by the Commissioner of Financial Protection and Innovation, to regulate consumer financial products or services under California consumer financial laws. The CCFPL makes it unlawful for a covered person or service provider, as defined, to engage in certain deceptive or abusive acts or practices with respect to consumer financial products or services. The CCFPL exempts from its provisions a person or employee of that person to the extent that person or employee is acting under the authority of certain licenses, certificates, or charters issued by the department, including licensed escrow agents and finance lenders.
More detail
This bill would provide that nothing in the above-described exemption shall be deemed to prevent the commissioner from using the authority provided by the CCFPL to enforce the above-described provision on deceptive or abusive acts or practices.
Where do you stand?
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Oct 6Chaptered by Secretary of State. Chapter 355, Statutes of 2025.Latest
- Oct 6Approved by the Governor Gavin Newsom.Became Law
- Sep 22Enrolled and presented to the Governor at 11 a.m.To Governor
- Sep 10In Senate. Ordered to engrossing and enrolling.Minor
- Vote recorded SB 825 Limón Senate Third Reading By Schiavo. Result: pass.Lower
- Sep 10Read third time. Passed. (Ayes 59. Noes 19. Page 3171.) Ordered to the Senate.Passed Assembly
- Aug 21Read second time. Ordered to third reading.Minor
- Aug 20From committee: Do pass. (Ayes 11. Noes 4.) (August 20).Minor
- Vote recorded Do pass. Result: pass.Lower
- Jul 8From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (July 7). Re-referred to Com. on APPR.Minor
- Jul 7
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Jun 17June 23 hearing postponed by committee.
- Jun 9Referred to Com. on B. & F.Minor
- Jun 4In Assembly. Read first time. Held at Desk.Minor
- Jun 3Read third time. Passed. (Ayes 28. Noes 10. Page 1440.) Ordered to the Assembly.Passed Senate
- Vote recorded 3rd Reading SB825 Limón et al. Result: pass.Upper
- May 6Read second time. Ordered to third reading.Minor
- May 5From committee: Be ordered to second reading pursuant to Senate Rule 28.8.Minor
- Apr 25Set for hearing May 5.
- Apr 23From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 2. Page 838.) (April 22). Re-referred to Com. on APPR.Minor
- Apr 22
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations]. Result: pass.Upper
- Apr 10Set for hearing April 22.
- Apr 3From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 2. Page 633.) (April 2). Re-referred to Com. on JUD.Minor
- Apr 2
- Vote recorded Do pass, but first be re-referred to the Committee on [Judiciary]. Result: pass.Upper
- Mar 24From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.Major
- Mar 18Set for hearing April 2.
- Mar 12Referred to Coms. on B. & F.I. and JUD.Minor
- Feb 24Read first time.Minor
- Feb 24From printer. May be acted upon on or after March 24.
- Feb 21Introduced. To Com. on RLS. for assignment. To print.Introduced