California Legislation

Press release

Purported Consumer Protection Measure Tramples Borrower’s Rights, Incentivizes Institutional Investors
by Kevin Gould, EVP/Director of Government Relations

A measure working its way through the California Legislature makes sweeping reforms to how real property in foreclosure is sold. Applicable to all real property, including commercial and residential, Senate Bill 1323 bifurcates the methodology for the sale of property at foreclosure by requiring that properties where there is equity, defined as debt not exceeding 90 percent of appraised market value, be sold by a licensed real estate agent on the open market.

Press release

Labor & Employment Round-Up
by Melanie Cuevas, VP of Government Relations

The California Legislature considers new labor and employment laws that will further regulate business operations in the Golden State.

It is said that banks succeed when our communities succeed and likewise suffer when our communities suffer. That sentiment similarly carries over into the realm of policy – labor and employment related legislation proposed by California lawmakers impacting the broader business community not only will force changes upon banks as employers, the changes also impact banks’ customers and the state’s business climate.

Press release

Legislative Updates
by Kevin Gould, EVP/Director of Government Relations

Federal Legislative Update

In March, we were pleased to return to Washington, D.C. with California bankers for the American Bankers Association’s Washington, D.C. Summit. During this visit, we met in-person with representatives from the California Congressional delegation. We will plan to travel back to Washington, D.C. a couple of more times this year, including our joint visit with the Florida Bankers Association, scheduled for September 27-29.

Press release

While the Best Offense is a Good Defense, We Often Support Measures Too
by Kevin Gould, SVP/Director of Government Relations

Unfortunately, we often find ourselves writing about legislation that we oppose. This time, we are pleased to share an update on a few measures that we are proud to support. While regrettably much of our attention focuses on opposing measures that result in unintended negative consequences that frustrate our ability to support our customers and the communities we serve, or that create new compliance burdens and legal liability, we commonly do support measures that are good public policy.

Press release

Legislative Sessions Underway in Washington, D.C. and Sacramento
by Kevin Gould, SVP/Director of Government Relations

At the federal level, Congress is in and we are seeing the re-introduction of several measures from the prior Congressional session that are impactful to the banking industry. One important factor that distinguishes this session compared to the prior is that Democrats have taken control of the Senate while maintaining a narrower margin in the House of Representatives. This could have implications on measures important to our industry. 

Press release

CBA Responds to AB 1177, the California Public Banking Option Act

 

SACRAMENTO, Calif. – The California Bankers Association (CBA), issued the following statement in response to today’s press conference supporting AB 1177:

“Here we go again with the annual introduction of yet another bill seeking to introduce public banking to California. Despite voter rejection of the idea at the polls and public opinion polling indicating Californians’ opposition to the concept, advocates are nonetheless back pushing an idea with limited support.