Commissioner of Financial Protection and Innovation: report: Office of the Ombuds.
- Expands annual financial protection reporting to include activities of the Office of the Ombuds.
- Requires the Commissioner to publish the comprehensive report on the department's website.
- Maintains existing requirements to report on consumer complaints, enforcement actions, and fintech activities.
Assembly Member Chen's legislation expands California's financial oversight reporting requirements by adding the Office of the Ombuds to the annual report published by the Commissioner of Financial Protection and Innovation. The Commissioner's report, which details actions taken under the California Consumer Financial Protection Law, currently covers rulemaking, enforcement, consumer complaints, education initiatives, and activities of the Financial Technology Innovation Office.
The amended requirements maintain the report's publication on the Department of Financial Protection and Innovation's website while broadening its scope to document the Office of the Ombuds' activities alongside existing content. The report retains its ability to include recommendations for enhanced oversight, transparency, and marketplace accessibility of financial products and services.
 Phillip ChenR Assemblymember | Bill Author |  Not Contacted |
Email the authors or create an email template to send to all relevant legislators.
Introduced By
Latest Voting History
| Ayes | Noes | NVR | Total | Result |
|---|---|---|---|---|
| 37 | 0 | 3 | 40 | PASS |
- Expands annual financial protection reporting to include activities of the Office of the Ombuds.
- Requires the Commissioner to publish the comprehensive report on the department's website.
- Maintains existing requirements to report on consumer complaints, enforcement actions, and fintech activities.
Email the authors or create an email template to send to all relevant legislators.
Introduced By
Assembly Member Chen's legislation expands California's financial oversight reporting requirements by adding the Office of the Ombuds to the annual report published by the Commissioner of Financial Protection and Innovation. The Commissioner's report, which details actions taken under the California Consumer Financial Protection Law, currently covers rulemaking, enforcement, consumer complaints, education initiatives, and activities of the Financial Technology Innovation Office.
The amended requirements maintain the report's publication on the Department of Financial Protection and Innovation's website while broadening its scope to document the Office of the Ombuds' activities alongside existing content. The report retains its ability to include recommendations for enhanced oversight, transparency, and marketplace accessibility of financial products and services.
Latest Voting History
| Ayes | Noes | NVR | Total | Result |
|---|---|---|---|---|
| 37 | 0 | 3 | 40 | PASS |
Phillip ChenR Assemblymember | Bill Author | Not Contacted |