Tim Grayson
- Democratic
- Assemblymember
- District 15
Author
Existing law, the Banking Law, defines and regulates banks and commits the enforcement of banking laws to the Commissioner of Financial Protection and Innovation. Existing law, the California Credit Union Law, defines and regulates credit unions and commits enforcement of credit union laws to the commissioner. Existing law requires 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, as defined, collected in the most recently completed calendar year and the percentage of that revenue as a proportion of the net income of the bank. This bill would prohibit certain banks and credit unions from charging a consumer a nonsufficient funds fee when the consumer's attempt to initiate a transaction is declined instantaneously or near instantaneously due to nonsufficient funds, as specified.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 509, Statutes of 2024.
Enrolled and presented to the Governor at 12 p.m.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Passed. Ordered to the Assembly. (Ayes 32. Noes 0. Page 5271.).
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 25). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on JUD. (Ayes 6. Noes 0.) (June 19). Re-referred to Com. on JUD.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 62. Noes 1.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 0.) (May 1).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 15). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
From printer. May be heard in committee March 2.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2017 | HTML |
| 01/31/24 - Introduced | |
| 03/18/24 - Amended Assembly | |
| 08/23/24 - Enrolled | |
| 09/24/24 - Chaptered |
| Document | Format |
|---|---|
| 04/12/24- Assembly Banking and Finance | |
| 04/30/24- Assembly Appropriations | |
| 05/03/24- ASSEMBLY FLOOR ANALYSIS | |
| 06/17/24- Senate Banking and Financial Institutions | |
| 06/21/24- Senate Judiciary | |
| 08/13/24- Sen. Floor Analyses |
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