Amended IN Assembly February 26, 2024 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 2422Introduced by Assembly Member GraysonFebruary 13, 2024 An act to amend Section 382 of add Section 90017.1 to the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 2422, as amended, Grayson. Department of Financial Protection and Innovation. Innovation: online resources: financial abuse: domestic violence victims.Existing law law, the California Consumer Financial Protection law, establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the department has charge of the execution of specified laws relating to various financial institutions and financial services, including banks, trust companies, credit unions, finance lenders, and residential mortgage lenders. Existing law requires the department to require fingerprint images from any department employee, prospective employee or applicant seeking employment within the department, contractor, subcontractor, volunteer, or vendor who may have access to criminal offender record information. Existing law requires the Department of Justice to forward a request for national-level criminal offender record information to the Federal Bureau of Investigation and compile and disseminate the information returned, as specified. Existing law authorizes the department to assess a fee sufficient to cover the processing costs. Existing law requires the department to regulate the offering and provision of consumer financial products or services, and to exercise oversight and enforcement authority, pursuant to these provisions, as specified. Existing law requires the commissioner to prepare and publish on the departments internet website an annual report detailing actions taken during the prior year pursuant to these provisions. Existing law states that its purpose, among other things, is to protect consumers from discrimination and unfair, deceptive, and abusive acts and practices in connection with financial practices and services.This bill would make a nonsubstantive change to the provisions described above that require the department to require fingerprint images from employees of the department and that require the Department of Justice to forward specified requests to the Federal Bureau of Investigation. require the department, commencing on or before January 1, 2027, to make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting the survivors assets and resources, as specified. The bill would authorize the department to, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order the meet the requirement to make the online resources available.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 90017.1 is added to the Financial Code, to read:90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.(b) The online financial abuse resources shall include, but not be limited to, all of the following:(1) Information on the nexus between domestic violence and financial security.(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).
Amended IN Assembly February 26, 2024 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 2422Introduced by Assembly Member GraysonFebruary 13, 2024 An act to amend Section 382 of add Section 90017.1 to the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 2422, as amended, Grayson. Department of Financial Protection and Innovation. Innovation: online resources: financial abuse: domestic violence victims.Existing law law, the California Consumer Financial Protection law, establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the department has charge of the execution of specified laws relating to various financial institutions and financial services, including banks, trust companies, credit unions, finance lenders, and residential mortgage lenders. Existing law requires the department to require fingerprint images from any department employee, prospective employee or applicant seeking employment within the department, contractor, subcontractor, volunteer, or vendor who may have access to criminal offender record information. Existing law requires the Department of Justice to forward a request for national-level criminal offender record information to the Federal Bureau of Investigation and compile and disseminate the information returned, as specified. Existing law authorizes the department to assess a fee sufficient to cover the processing costs. Existing law requires the department to regulate the offering and provision of consumer financial products or services, and to exercise oversight and enforcement authority, pursuant to these provisions, as specified. Existing law requires the commissioner to prepare and publish on the departments internet website an annual report detailing actions taken during the prior year pursuant to these provisions. Existing law states that its purpose, among other things, is to protect consumers from discrimination and unfair, deceptive, and abusive acts and practices in connection with financial practices and services.This bill would make a nonsubstantive change to the provisions described above that require the department to require fingerprint images from employees of the department and that require the Department of Justice to forward specified requests to the Federal Bureau of Investigation. require the department, commencing on or before January 1, 2027, to make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting the survivors assets and resources, as specified. The bill would authorize the department to, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order the meet the requirement to make the online resources available.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO
Amended IN Assembly February 26, 2024
Amended IN Assembly February 26, 2024
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 2422
Introduced by Assembly Member GraysonFebruary 13, 2024
Introduced by Assembly Member Grayson
February 13, 2024
An act to amend Section 382 of add Section 90017.1 to the Financial Code, relating to financial institutions.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2422, as amended, Grayson. Department of Financial Protection and Innovation. Innovation: online resources: financial abuse: domestic violence victims.
Existing law law, the California Consumer Financial Protection law, establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the department has charge of the execution of specified laws relating to various financial institutions and financial services, including banks, trust companies, credit unions, finance lenders, and residential mortgage lenders. Existing law requires the department to require fingerprint images from any department employee, prospective employee or applicant seeking employment within the department, contractor, subcontractor, volunteer, or vendor who may have access to criminal offender record information. Existing law requires the Department of Justice to forward a request for national-level criminal offender record information to the Federal Bureau of Investigation and compile and disseminate the information returned, as specified. Existing law authorizes the department to assess a fee sufficient to cover the processing costs. Existing law requires the department to regulate the offering and provision of consumer financial products or services, and to exercise oversight and enforcement authority, pursuant to these provisions, as specified. Existing law requires the commissioner to prepare and publish on the departments internet website an annual report detailing actions taken during the prior year pursuant to these provisions. Existing law states that its purpose, among other things, is to protect consumers from discrimination and unfair, deceptive, and abusive acts and practices in connection with financial practices and services.This bill would make a nonsubstantive change to the provisions described above that require the department to require fingerprint images from employees of the department and that require the Department of Justice to forward specified requests to the Federal Bureau of Investigation. require the department, commencing on or before January 1, 2027, to make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting the survivors assets and resources, as specified. The bill would authorize the department to, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order the meet the requirement to make the online resources available.
Existing law law, the California Consumer Financial Protection law, establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the department has charge of the execution of specified laws relating to various financial institutions and financial services, including banks, trust companies, credit unions, finance lenders, and residential mortgage lenders. Existing law requires the department to require fingerprint images from any department employee, prospective employee or applicant seeking employment within the department, contractor, subcontractor, volunteer, or vendor who may have access to criminal offender record information. Existing law requires the Department of Justice to forward a request for national-level criminal offender record information to the Federal Bureau of Investigation and compile and disseminate the information returned, as specified. Existing law authorizes the department to assess a fee sufficient to cover the processing costs.
Existing law requires the department to regulate the offering and provision of consumer financial products or services, and to exercise oversight and enforcement authority, pursuant to these provisions, as specified. Existing law requires the commissioner to prepare and publish on the departments internet website an annual report detailing actions taken during the prior year pursuant to these provisions. Existing law states that its purpose, among other things, is to protect consumers from discrimination and unfair, deceptive, and abusive acts and practices in connection with financial practices and services.
This bill would make a nonsubstantive change to the provisions described above that require the department to require fingerprint images from employees of the department and that require the Department of Justice to forward specified requests to the Federal Bureau of Investigation. require the department, commencing on or before January 1, 2027, to make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting the survivors assets and resources, as specified. The bill would authorize the department to, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order the meet the requirement to make the online resources available.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 90017.1 is added to the Financial Code, to read:90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.(b) The online financial abuse resources shall include, but not be limited to, all of the following:(1) Information on the nexus between domestic violence and financial security.(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).
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 90017.1 is added to the Financial Code, to read:90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.(b) The online financial abuse resources shall include, but not be limited to, all of the following:(1) Information on the nexus between domestic violence and financial security.(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).
SECTION 1. Section 90017.1 is added to the Financial Code, to read:
### SECTION 1.
90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.(b) The online financial abuse resources shall include, but not be limited to, all of the following:(1) Information on the nexus between domestic violence and financial security.(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).
90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.(b) The online financial abuse resources shall include, but not be limited to, all of the following:(1) Information on the nexus between domestic violence and financial security.(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).
90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.(b) The online financial abuse resources shall include, but not be limited to, all of the following:(1) Information on the nexus between domestic violence and financial security.(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).
90017.1. (a) Commencing on or before January 1, 2027, the department shall make available to financial institutions and the general public online resources related to financial abuse of victims of domestic violence for the purpose of protecting survivors assets and resources.
(b) The online financial abuse resources shall include, but not be limited to, all of the following:
(1) Information on the nexus between domestic violence and financial security.
(2) Information on the prevalence and impacts of financial abuse as it relates to domestic violence and a survivors employment and credit history.
(3) Information regarding the heightened need to protect the privacy and to respect the integrity of each individual survivor customer of a financial institution.
(4) Information regarding the heightened need to respect the autonomy and agency of each individual survivor customer, including the survivor customers decision whether or not to inform law enforcement of the financial abuse.
(c) The department may, upon appropriation by the Legislature, utilize existing resources and materials from state government departments, nonprofit organizations, and community groups in order to meet the requirement described in subdivision (a).
(d) This section does not require financial institutions using the information provided online by the department to become mandated reporters of domestic violence.
(e) The department shall annually review and update the online resources required to be posted pursuant to subdivision (a).