CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 2191Introduced by Assembly Member MathisFebruary 15, 2022 An act to amend Section 90018 of the Financial Code, relating to financial institutions.LEGISLATIVE COUNSEL'S DIGESTAB 2191, as introduced, Mathis. California Consumer Financial Protection Law: annual report.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 departments 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.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 90018 of the Financial Code is amended to read:90018. (a) The commissioner shall prepare and publish on the departments 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.(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.(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.
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 2191Introduced by Assembly Member MathisFebruary 15, 2022 An act to amend Section 90018 of the Financial Code, relating to financial institutions.LEGISLATIVE COUNSEL'S DIGESTAB 2191, as introduced, Mathis. California Consumer Financial Protection Law: annual report.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 departments 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.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
Assembly Bill
No. 2191
Introduced by Assembly Member MathisFebruary 15, 2022
Introduced by Assembly Member Mathis
February 15, 2022
An act to amend Section 90018 of the Financial Code, relating to financial institutions.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2191, as introduced, Mathis. California Consumer Financial Protection Law: annual report.
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 departments 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.
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 departments 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.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 90018 of the Financial Code is amended to read:90018. (a) The commissioner shall prepare and publish on the departments 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.(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.(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.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 90018 of the Financial Code is amended to read:90018. (a) The commissioner shall prepare and publish on the departments 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.(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.(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.
SECTION 1. Section 90018 of the Financial Code is amended to read:
### SECTION 1.
90018. (a) The commissioner shall prepare and publish on the departments 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.(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.(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.
90018. (a) The commissioner shall prepare and publish on the departments 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.(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.(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.
90018. (a) The commissioner shall prepare and publish on the departments 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.(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.(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.
90018. (a) The commissioner shall prepare and publish on the departments 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.
(3) The total number of elder financial abuse reports filed with local law enforcement agencies and county adult protective services agencies.
(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.