Bill > AB665

This bill amends the California Financial Code to require the Commissioner of Financial Protection and Innovation to include information about the Office of the Ombuds in the department's annual report. Currently, the annual report must detail actions taken during the prior year under the California Consumer Financial Protection Law, including information about rulemaking, enforcement, consumer complaints, and the activities of the Financial Technology Innovation Office. The bill adds a specific requirement to include information about the activities of the Office of the Ombuds in this annual report. The report can also continue to include recommendations aimed at improving oversight, transparency, or the availability of financial products and services. This change ensures more comprehensive reporting about the work of the Office of the Ombuds, which likely provides assistance and mediation for consumers facing financial challenges or disputes.

Budget and Finance, Business and Industry

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB665