[{"_1":2,"_112":-5,"_113":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6520587,"mediaKeyId","5322106-d6ade9f1f7af43ca057ecd07763a64cf","parentId",5322106,"title","Committee advances bill to clarify DFPI authority to pursue consumer-financial violations (SB 825)","audioSeconds",1075,"startMs",5045000,"endMs",6120000,"viewUrl","/Search/View?dp=1&key=5322106-d6ade9f1f7af43ca057ecd07763a64cf&start=5045&end=6120","thumbnailUrl","https://assets.pipeline.soar.com/5322106-d6ade9f1f7af43ca057ecd07763a64cf/thumbnail_5045000.jpg","articleUrl","/articles/6520587/California/Committee-advances-bill-to-clarify-DFPI-authority-to-pursue-consumer-financial-violations-SB-825","mediaUrl","https://secure.pipeline.soar.com/6520587-ba0a2ef930af1ca0776ddf68667e2294/orig.mp4?Expires=1770921598&Signature=eerX8BViHvtdjmRKuvI5rseIJCV6mwIauiN4kvorSB8wJu5sNMzsz7wzddOXiN3I6lHN-z00vKMc~VpNgEW793lrKJawe-bbFEjhw96eEd67p0nPIqYFLwnZJRTQqoOkT1dNSM0W5WFHp-ml10nLh7Yi7dq7~iTqnXRuu6Is3efmxOhxTtQIyVUfaVfQEws-NcyLEJzEcwZvoIoz1t9~gTVK-fRyeIXRtlHuxFD~LjFEh3Vme32-VLUDY9jXHkhVWWRk6j9joZDb33Cnd4x3umQJY3OwrXmT5eMMjEA1yQixlPo5Vqcg7gLok71uPDCBfALyBelKyGmp1OINozag6g__&Key-Pair-Id=KUT5TJCACFTXG","author","California State Assembly","date","2025-07-07T00:00:00Z","article","The Assembly Banking and Finance Committee on Oct. 26 passed SB 825 (presented by the Senate pro tem designee) to the Appropriations Committee. Supporters said the bill clarifies the Department of Financial Protection and Innovation's authority to remedy legal violations against California consumers directly under state law and argued the change is needed after recent federal shifts in enforcement.

The bill's sponsor told the committee the measure does not create new obligations for financial institutions but allows the DFPI to \"say to a licensee, hey, stop. You are driving in a dangerous manner that is injuring consumers,\" if the agency determines a violation has occurred. Andrew Kushner of the Center for Responsible Lending said the change is meant to fill a gap left by the Consumer Financial Protection Bureau's reduced enforcement, and Ed Howard, representing the office of Kat Taylor, said the law would apply longstanding legal concepts such as unfair, deceptive and abusive acts and practices (UDAAP) to licensees under state authority.

Banking and industry representatives registered opposition or asked for amendments. Kevin Gould of the California Bankers Association and several other trade groups said SB 825 sidesteps federal notice procedures designed to coordinate enforcement with the CFPB and could duplicate existing enforcement tools the state already has for licensees. The California Mortgage Bankers Association proposed an alternative approach that would permit DFPI to pursue certain remedies administratively but limit them to remedies already available under the relevant licensing law. Several community bank and credit-union groups also registered opposition while signaling a willingness to work on amendments.

Committee members asked whether the state's existing licensing laws and the attorney general's authority were insufficient; proponents responded that federal UDAAP authority and the CFPB's ability to intervene in cases are distinct and that recent federal retrenchment makes a state-level enforcement backstop necessary to protect consumers.

The committee voted to pass SB 825 and refer it to the Appropriations Committee.","mediaType","Video","parentTitle","Assembly Banking and Finance Committee","oneSentenceSummary","The Assembly Banking and Finance Committee on Oct. 26 advanced SB 825, a measure to clarify the Department of Financial Protection and Innovation's authority to pursue consumer-financial violations under state law, and sent the bill to Appropriations.","taxTitle","California State Assembly, House, Legislative, California","taxId",17099,"location","California","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6520591,"Assembly committee advances Durazo bill to curb predatory door-to-door home-improvement financing (SB 784)",1860,3174000,5034000,"/Search/View?dp=1&key=5322106-d6ade9f1f7af43ca057ecd07763a64cf&start=3174&end=5034","https://assets.pipeline.soar.com/5322106-d6ade9f1f7af43ca057ecd07763a64cf/thumbnail_3174000.jpg","/articles/6520591/California/Assembly-committee-advances-Durazo-bill-to-curb-predatory-door-to-door-home-improvement-financing-SB-784","https://secure.pipeline.soar.com/6520591-9bc13b7ab7c029cbc8541838b10da021/orig.mp4?Expires=1770921598&Signature=QfaBf6Ocxtw8mThvHrqgGbTrTQ8VFmop3XUUQTgWm5NxK41bZX4ZlHBZe7MUuHtP1qB0JMLABoXIzmyDgMQJPQTZ-k2SADOMiURrc55o0gRgBqEN-i~ZaTlRUv-~qc6eKD18LWe1MG5EW8xwYLo5vy-BMKpFQ7rZBYx5IgGN7TqKKrpMVns~mzeJizDMgDYNxRxZn02clUnSkwmEwBPYiYxe96j1jS5QXOXdcH-uxOCl-KIqokVSUKsgghADkktB7TN1kvMB-YNjclSrjDA8g2MuNhohwzOMYH7~~nLyiaM28VONawcs9c8H18UM3obvKl0JGm9KD7DqG-4TbOLYBA__&Key-Pair-Id=KUT5TJCACFTXG","The Assembly Banking and Finance Committee on Oct. 26 passed SB 784, a Durazo-authored bill that aims to curb predatory door-to-door financing for home improvements by requiring lender-borrower confirmation, improving document access and disclosure of dealer fees, and extending cancellation rights when work is not complete or operational.

Sen. Durazo said she negotiated a \"major compromise\" with solar industry stakeholders and conceded a lender-liability provision previously central to the bill. \"The goal is to put some simple guardrails around a niche industry that has been operating in the shadows for too long,\" she said, describing repeated complaints about contractors recruiting homeowners at their front doors, securing signatures on tablets and arranging financing that leaves homeowners with debts tied to unfinished or nonworking projects.

Natasha Blazer of Housing and Economic Rights Advocates recounted a client, \"Mr. Lopez,\" a 74-year-old who said he was fraudulently induced to sign electronic documents for multiple projects and later received bills from seven lenders for loans he said he never agreed to. Blazer told the committee the bill aims to prevent such outcomes by ensuring consumers only pay after work is complete and operational and by increasing transparency around dealer fees.

Andrew Kushner of the Center for Responsible Lending highlighted the bill's dealer-fee disclosure provision, saying dealer fees are often paid \"by the installer\" but passed to borrowers without their knowledge and that the provision gives consumers key information about the loan's true cost.

The committee accepted amendments the author offered and several solar-industry groups said they had moved from opposition to neutral. Wells Fargo and several banking and industry trade groups registered opposition or concerns, saying some retail or private-label products could be unintentionally affected and asking for carve-outs or technical fixes. The author said she has convened meetings with Wells Fargo and other stakeholders and pledged to continue negotiating changes that do not undermine the bill's consumer protections.

Committee members questioned the bill's scope, including whether loans consummated on a consumer's personal device or in non-door-to-door marketing contexts would be covered. The author and supporters said the bill targets a specific category defined by California law as \"home solicitation sales\" and loans where funds are released directly to the contractor; the bill includes permit-signoff or a reasonable operational confirmation as triggers for when repayment may begin.

SB 784 passed the committee and was referred to the Assembly Judiciary Committee.","SB 784, by Sen. Durazo, cleared the Assembly Banking and Finance Committee with major amendments including a lender-liability concession and measures to protect homeowners from paying for incomplete or nonoperational home improvements financed at the door.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6520596,"Committee advances Grayson measure to tighten small-business financing disclosures (SB 362)",557,2579000,3136000,"/Search/View?dp=1&key=5322106-d6ade9f1f7af43ca057ecd07763a64cf&start=2579&end=3136","https://assets.pipeline.soar.com/5322106-d6ade9f1f7af43ca057ecd07763a64cf/thumbnail_2579000.jpg","/articles/6520596/California/Committee-advances-Grayson-measure-to-tighten-small-business-financing-disclosures-SB-362","https://secure.pipeline.soar.com/6520596-6aeb849c0b10dc330ddd1e7a2dae7502/orig.mp4?Expires=1770921598&Signature=AhHhrWmy6nvR70TySYfmiZJmON2bHP-ME-vr15vrbJjLf2jQch3nzJ9ocJFT~s24XSKRVUU9iHXhSYqDGTzJZWgfryZ7tN1Pb5mt~PLI~cqKkRykg8z2FZj3Y6rvN6uOlECAnje1E7S7DpBuNSWLPt~CYIfXIKE8ind4jLi8XhFmOxvUECN03XHAG3oOvKLCQnj-~RkcBMtqIp9x7iZFvUjUdoaGeRMr~tJhAshT~mH2CzTNdnqFeFEi0G4M8XieGBcsC8EW94ee5rRgdeltg0IHb-zCRmphnO6~02rm694S2ttlw~nTVIYUheQajrXB3lgch-vf5Hw4kFsP6nYydQ__&Key-Pair-Id=KUT5TJCACFTXG","The Assembly Banking and Finance Committee on Oct. 26 passed SB 362, a bill by Sen. Grayson designed to strengthen California's small-business financing disclosure framework and clarify enforcement authority for the Department of Financial Protection and Innovation (DFPI).

SB 362 builds on California's 2018 truth-in-lending rules for commercial financing and requires clearer disclosures throughout the marketing process so small businesses can compare offers. \"SB 362 will strengthen our price disclosure law by ensuring that small businesses receive clear disclosures throughout the marketing process,\" the author told the committee.

Supporters included Heidi Pickman of CAMEO, who described an example of a small business that took a $75,000 merchant cash advance with a payment that nearly sank the business and later refinanced with a community development financial institution. \"Not all small businesses are lucky enough to refinance,\" she said, arguing SB 362 would close disclosure gaps and make DFPI's enforcement authority clearer. Louis Kidditzpeck of the Responsible Business Lending Coalition and other trade and consumer groups also testified in support.

Opposition came from providers of revenue-based financing. Carolyn Deal Hunter, representing the Revenue Based Finance Coalition, said her members appreciate the author's changes but remain concerned about a provision (subsection C) that would require APR disclosure \"as part of any communications.\" She warned that the requirement could prevent informal discussions between providers and applicants and cited New York's alternative approach as a workable model.

Mark Smith of the Secured Finance Network also urged continued negotiation on the subsection, saying the bill is modeled on New York but is not identical and still raises concerns for certain lenders.

After debate and amendments negotiated with stakeholders, the committee passed SB 362 and referred it to the Assembly Judiciary Committee.","SB 362 would expand California's commercial financing disclosure rules to require clearer price disclosures during marketing and preserve the DFPI's enforcement authority; the committee moved the bill to Judiciary after days of stakeholder negotiation.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6520602,"Assembly committee advances Grayson bill to update California digital-finance licensing law",326,2240000,2566000,"/Search/View?dp=1&key=5322106-d6ade9f1f7af43ca057ecd07763a64cf&start=2240&end=2566","https://assets.pipeline.soar.com/5322106-d6ade9f1f7af43ca057ecd07763a64cf/thumbnail_2240000.jpg","/articles/6520602/California/Assembly-committee-advances-Grayson-bill-to-update-California-digital-finance-licensing-law","https://secure.pipeline.soar.com/6520602-f50e7c538230bede52c0463700e86d63/orig.mp4?Expires=1770921598&Signature=FA6YrZtvqvAd5iiCZ1R~IVLBoUz6-0EgpH5iL4bW9tUlOrirrVcPnenBhkfv~4ps1Nlo9dTwDXGn5HGGvjlMGNsK-DnpYbV~CVhAJJYjPP2JdDfYrB-q8qeZABvrDeX5BZiIFSzlC4YiUo8piUYgm~kJBkxNQ0-vhYrag0ufMayZvmc3FavYDuTQ-NdemR2gfLrO1mSweP47q7PJUqFpUjznalPfdez125GPf64l6ru7jzyEV73xBdQdM6m8RL~aTxnkBzYz5rL0Q-ewO0GITCxKJOBhGzTgQcBGHlHp7JHXBYhbCs~TiWUMDDmffxm7sBkihRcZOA4xNlFnG-kzrw__&Key-Pair-Id=KUT5TJCACFTXG","The Assembly Banking and Finance Committee on Oct. 26 advanced SB 97, a measure by Sen. Scott (Grayson) that updates California's digital finance and financial-assets licensing law and preserves the state's ability to conform to any new federal legislation.

SB 97, as presented by the bill's author in committee, makes clarifying amendments to the law the senator authored in 2023 and is intended to reflect consensus changes agreed with stakeholders. \"It simply makes updates and clarification to the digital finance, financial assets law,\" the author said. He added his office is \"closely watching legislation in Congress\" and would make any necessary conforming changes if federal law is enacted before the bill reaches the governor.

The bill drew supportive testimony from industry groups and consumer advocates. Jamie Minor of the California Blockchain Advocacy Coalition said the group was \"in a supportive amended position\" and looked forward to further conversations to ensure a clear path to compliance. Cassie Gilson, speaking on behalf of Andreessen Horowitz through Acxiom Advisors, noted that blockchain-based systems are not always financial products and urged further refinement of the bill to avoid categorizing nonfinancial blockchain software as finance. Robert Harrell of the Consumer Federation of California thanked the author and stakeholders for a \"robust and transparent process\" and offered continued support.

No witnesses registered formal opposition in the committee hearing. The author told the committee the bill had \"no opposition\" at the time of his presentation and asked for an \"aye\" vote.

Committee members voted to pass SB 97 and refer it to the Assembly Committee on Privacy and Consumer Protection. The clerk left the roll open for absent members following the vote.","The Assembly Banking and Finance Committee voted to pass SB 97, a bill by Sen. Grayson that makes technical updates to California's digital finance and financial assets licensing law and preserves flexibility to conform to future federal rules.","actionData","errors"]

Article not found

Committee advances bill to clarify DFPI authority to pursue consumer-financial violations (SB 825)

Assembly committee advances Durazo bill to curb predatory door-to-door home-improvement financing (SB 784)

Committee advances Grayson measure to tighten small-business financing disclosures (SB 362)

Assembly committee advances Grayson bill to update California digital-finance licensing law