Steve Bradford
- Democratic
- Senator
- District 35
Author
The California Credit Union Law generally provides for the organization and regulation of credit unions by the Commissioner of Financial Protection and Innovation. Existing law requires a credit union subject to the examination authority of the commissioner to report annually to the commissioner on the amount of revenue earned from overdraft fees and nonsufficient funds fees, as defined and specified. This bill would require a credit union to provide a member a notice each time the credit union assesses an overdraft fee or nonsufficient funds fee, as specified. Beginning January 1, 2026, the bill would prohibit a credit union from charging an overdraft fee or a nonsufficient funds fee exceeding $14 or the amount set by the federal Consumer Financial Protection Bureau for the fee, whichever is lower.
Chaptered by Secretary of State. Chapter 521, Statutes of 2024.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 36. Noes 2. Page 5588.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. (Ayes 76. Noes 0. Page 6654.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 14. Noes 0.) (August 7).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 1). 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 24. Noes 7. Page 4189.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Ordered to second reading.
Read third time and amended.
Read second time. Ordered to third reading.
Ordered to second reading.
Read third time and amended.
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
Set for hearing April 15.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 2. Page 3465.) (April 3).
Set for hearing April 3.
From printer. May be acted upon on or after March 14.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1075 | HTML |
| 02/12/24 - Introduced | |
| 04/08/24 - Amended Senate | |
| 04/09/24 - Amended Senate | |
| 05/09/24 - Amended Senate | |
| 05/20/24 - Amended Senate | |
| 06/24/24 - Amended Assembly | |
| 08/30/24 - Enrolled | |
| 09/24/24 - Chaptered |
| Document | Format |
|---|---|
| 04/01/24- Senate Banking and Financial Institutions | |
| 04/16/24- Sen. Floor Analyses | |
| 05/14/24- Sen. Floor Analyses | |
| 05/21/24- Sen. Floor Analyses | |
| 06/28/24- Assembly Banking and Finance | |
| 08/05/24- Assembly Appropriations | |
| 08/09/24- ASSEMBLY FLOOR ANALYSIS | |
| 08/27/24- Sen. Floor Analyses |
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