Monique Limón
- Democratic
- Senator
- District 19
Author
Existing law, the Financial Institutions Law, requires the Commissioner of Financial Protection and Innovation to cause every California state bank and every foreign bank to be examined to the extent and whenever and as often as the commissioner shall deem it advisable, but in no case less frequently than once every 12 months, except as prescribed. Existing law, the California Credit Union Law (CCUL) , authorizes the commissioner to, at any time, investigate into the affairs and examine the books, accounts, records, files, and any office within or outside of this state used in the business of every credit union, whether it acts or claims to act under, or without authority of, the CCUL. This bill would require a bank or credit union subject to the examination authority of the commissioner to report annually, on or before March 1, to the commissioner on the amount of revenue earned from overdraft fees and nonsufficient funds fees collected in the most recently completed calendar year and the percentage of that revenue as a proportion of the net income of the bank or credit union. The bill would require the commissioner to publish, as prescribed, in a report the data for each bank or credit union reported pursuant to the bill and make the report available on the department's internet website.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 847, Statutes of 2022.
Enrolled and presented to the Governor at 3 p.m.
Assembly amendments concurred in. (Ayes 31. Noes 9. Page 5310.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 2.) (June 29).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 20). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 29. Noes 7. Page 3825.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
Set for hearing May 2.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 2. Page 3456.) (April 20). Re-referred to Com. on APPR.
Set for hearing April 20.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer.
Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1415 | HTML |
| 02/18/22 - Introduced | |
| 03/15/22 - Amended Senate | |
| 06/01/22 - Amended Assembly | |
| 09/06/22 - Enrolled | |
| 09/29/22 - Chaptered |
| Document | Format |
|---|---|
| 04/18/22- Senate Banking and Financial Institutions | |
| 05/04/22- Sen. Floor Analyses | |
| 06/16/22- Assembly Banking and Finance | |
| 06/27/22- Assembly Appropriations | |
| 07/27/22- ASSEMBLY FLOOR ANALYSIS | |
| 08/26/22- Sen. Floor Analyses |
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