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    © 2025 Veeto.
    SB-825
    Consumer Protection

    Consumers: financial protection.

    Engrossed
    CA
    ∙
    2025-2026 Regular Session
    0
    0
    Track
    Track

    Key Takeaways

    • Expands state financial regulators' authority to enforce rules against deceptive practices by licensed entities.
    • Maintains existing licensing exemptions while adding consumer protection enforcement oversight.
    • Allows regulators to investigate financial misconduct regardless of an entity's license status.

    Summary

    Senators Limón and Grayson's amendment to California's Consumer Financial Protection Law clarifies the Department of Financial Protection and Innovation's authority to enforce regulations against deceptive or abusive practices, even when entities operate under specific state licenses or certifications.

    The measure modifies existing exemptions in the Financial Code that previously shielded certain licensed entities - including escrow agents, finance lenders, broker-dealers, and mortgage professionals - from aspects of the department's oversight. While maintaining these basic licensing exemptions, the amendment explicitly states that such exemptions do not prevent the commissioner from taking action against deceptive or abusive acts under Section 90003. Banks, credit unions, and other federally regulated institutions retain their existing exemptions from the law's provisions.

    The department's expanded enforcement capability applies to all entities operating under state licenses issued by the Department of Financial Protection and Innovation, creating uniform accountability for prohibited practices across California's financial services sector. This change affects the compliance obligations of previously exempted licensees while preserving their underlying operational authorities.

    Key Dates

    Next Step
    Referred to the Assembly Standing Committee on Appropriations
    Next Step
    Assembly Committee
    Referred to the Assembly Standing Committee on Appropriations
    Hearing has not been scheduled yet
    Assembly Banking And Finance Hearing
    Assembly Committee
    Assembly Banking And Finance Hearing
    Do pass and be re-referred to the Committee on [Appropriations]
    Vote on Senate Floor
    Senate Floor
    Vote on Senate Floor
    Senate 3rd Reading SB825 Limón et al
    Senate Judiciary Hearing
    Senate Committee
    Senate Judiciary Hearing
    Do pass, but first be re-referred to the Committee on [Appropriations]
    Senate Banking and Financial Institutions Hearing
    Senate Committee
    Senate Banking and Financial Institutions Hearing
    Do pass, but first be re-referred to the Committee on [Judiciary]
    Introduced
    Senate Floor
    Introduced
    Introduced. To Com. on RLS. for assignment. To print.

    Contacts

    Profile
    Tim GraysonD
    Senator
    Bill Author
    Not Contacted
    Not Contacted
    Profile
    Monique LimonD
    Senator
    Bill Author
    Not Contacted
    Not Contacted
    Profile
    Joaquin ArambulaD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Buffy WicksD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Lisa CalderonD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    0 of 17 row(s) selected.
    Page 1 of 4
    Select All Legislators
    Profile
    Tim GraysonD
    Senator
    Bill Author
    Profile
    Monique LimonD
    Senator
    Bill Author
    Profile
    Joaquin ArambulaD
    Assemblymember
    Committee Member
    Profile
    Buffy WicksD
    Assemblymember
    Committee Member
    Profile
    Lisa CalderonD
    Assemblymember
    Committee Member
    Profile
    Mike FongD
    Assemblymember
    Committee Member
    Profile
    Diane DixonR
    Assemblymember
    Committee Member
    Profile
    Gregg HartD
    Assemblymember
    Committee Member
    Profile
    Blanca PachecoD
    Assemblymember
    Committee Member
    Profile
    Gail PellerinD
    Assemblymember
    Committee Member
    Profile
    Kate SanchezR
    Assemblymember
    Committee Member
    Profile
    Tri TaR
    Assemblymember
    Committee Member
    Profile
    Jessica CalozaD
    Assemblymember
    Committee Member
    Profile
    Mark GonzalezD
    Assemblymember
    Committee Member
    Profile
    Heather HadwickR
    Assemblymember
    Committee Member
    Profile
    Jose SolacheD
    Assemblymember
    Committee Member
    Profile
    Sade ElhawaryD
    Assemblymember
    Committee Member

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Monique Limon
    Monique LimonD
    California State Senator
    Tim Grayson
    Tim GraysonD
    California State Senator
    40% progression
    Bill has passed all readings in its first house and is ready to move to the other house (6/3/2025)

    Latest Voting History

    View History
    July 7, 2025
    PASS
    Assembly Committee
    Assembly Banking And Finance Hearing
    AyesNoesNVRTotalResult
    7119PASS

    Key Takeaways

    • Expands state financial regulators' authority to enforce rules against deceptive practices by licensed entities.
    • Maintains existing licensing exemptions while adding consumer protection enforcement oversight.
    • Allows regulators to investigate financial misconduct regardless of an entity's license status.

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Monique Limon
    Monique LimonD
    California State Senator
    Tim Grayson
    Tim GraysonD
    California State Senator

    Summary

    Senators Limón and Grayson's amendment to California's Consumer Financial Protection Law clarifies the Department of Financial Protection and Innovation's authority to enforce regulations against deceptive or abusive practices, even when entities operate under specific state licenses or certifications.

    The measure modifies existing exemptions in the Financial Code that previously shielded certain licensed entities - including escrow agents, finance lenders, broker-dealers, and mortgage professionals - from aspects of the department's oversight. While maintaining these basic licensing exemptions, the amendment explicitly states that such exemptions do not prevent the commissioner from taking action against deceptive or abusive acts under Section 90003. Banks, credit unions, and other federally regulated institutions retain their existing exemptions from the law's provisions.

    The department's expanded enforcement capability applies to all entities operating under state licenses issued by the Department of Financial Protection and Innovation, creating uniform accountability for prohibited practices across California's financial services sector. This change affects the compliance obligations of previously exempted licensees while preserving their underlying operational authorities.

    40% progression
    Bill has passed all readings in its first house and is ready to move to the other house (6/3/2025)

    Key Dates

    Next Step
    Referred to the Assembly Standing Committee on Appropriations
    Next Step
    Assembly Committee
    Referred to the Assembly Standing Committee on Appropriations
    Hearing has not been scheduled yet
    Assembly Banking And Finance Hearing
    Assembly Committee
    Assembly Banking And Finance Hearing
    Do pass and be re-referred to the Committee on [Appropriations]
    Vote on Senate Floor
    Senate Floor
    Vote on Senate Floor
    Senate 3rd Reading SB825 Limón et al
    Senate Judiciary Hearing
    Senate Committee
    Senate Judiciary Hearing
    Do pass, but first be re-referred to the Committee on [Appropriations]
    Senate Banking and Financial Institutions Hearing
    Senate Committee
    Senate Banking and Financial Institutions Hearing
    Do pass, but first be re-referred to the Committee on [Judiciary]
    Introduced
    Senate Floor
    Introduced
    Introduced. To Com. on RLS. for assignment. To print.

    Latest Voting History

    View History
    July 7, 2025
    PASS
    Assembly Committee
    Assembly Banking And Finance Hearing
    AyesNoesNVRTotalResult
    7119PASS

    Contacts

    Profile
    Tim GraysonD
    Senator
    Bill Author
    Not Contacted
    Not Contacted
    Profile
    Monique LimonD
    Senator
    Bill Author
    Not Contacted
    Not Contacted
    Profile
    Joaquin ArambulaD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Buffy WicksD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Lisa CalderonD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    0 of 17 row(s) selected.
    Page 1 of 4
    Select All Legislators
    Profile
    Tim GraysonD
    Senator
    Bill Author
    Profile
    Monique LimonD
    Senator
    Bill Author
    Profile
    Joaquin ArambulaD
    Assemblymember
    Committee Member
    Profile
    Buffy WicksD
    Assemblymember
    Committee Member
    Profile
    Lisa CalderonD
    Assemblymember
    Committee Member
    Profile
    Mike FongD
    Assemblymember
    Committee Member
    Profile
    Diane DixonR
    Assemblymember
    Committee Member
    Profile
    Gregg HartD
    Assemblymember
    Committee Member
    Profile
    Blanca PachecoD
    Assemblymember
    Committee Member
    Profile
    Gail PellerinD
    Assemblymember
    Committee Member
    Profile
    Kate SanchezR
    Assemblymember
    Committee Member
    Profile
    Tri TaR
    Assemblymember
    Committee Member
    Profile
    Jessica CalozaD
    Assemblymember
    Committee Member
    Profile
    Mark GonzalezD
    Assemblymember
    Committee Member
    Profile
    Heather HadwickR
    Assemblymember
    Committee Member
    Profile
    Jose SolacheD
    Assemblymember
    Committee Member
    Profile
    Sade ElhawaryD
    Assemblymember
    Committee Member