February 16, 2022
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Bill Text - AB-2191 California Consumer Financial Protection Law: annual report. - California Legislative Information

CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

An act to amend Section 90018 of the Financial Code, relating to financial institutions.

LEGISLATIVE COUNSEL'S DIGEST

The California Consumer Financial Protection Law requires the Department of Financial Protection and Innovation, headed by the Commissioner of Financial Protection and Innovation, to regulate the provision of various consumer financial products and services. Existing law requires the commissioner to publish on the department’s internet website an annual report detailing actions taken during the prior year under the law, as specified.

This bill would require the commissioner to also include in the annual report the total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.

Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO

The people of the State of California do enact as follows:

90018.

(a) The commissioner shall prepare and publish on the department’s internet website an annual report detailing actions taken during the prior year under this law.

(b) The report described in subdivision (a) shall include, but not be limited to, information on actions taken with respect to all of the following:

(1) Rulemaking, enforcement, oversight, consumer complaints and resolutions, education, and research.

(2) The activities of the Financial Technology Innovation Office.

(c) The report may include recommendations, including those intended to result in improved oversight, greater transparency, or increased availability of beneficial financial products and services in the marketplace.



source: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB2191

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