Page 3 - Assembly Banking News Today

Assemblywoman Sharon Quirk-Silva (D – Fullerton) presented her legislative package addressing housing and homelessness in Assembly policy committees. All of the bills have passed, with most receiving bi-partisan support. “The impacts of the pandemic have been felt by all Californians. I wanted to have my housing and homelessness legislation reflect these hardships surrounding the continued evolving challenges for many of our residents. I believe that my legislation will assist our most vuln...

Dive Brief: California lawmakers are backing a bill to create BankCal, a government program that would offer a "zero-fee, zero-penalty" consumer banking option to the state’s residents. The measure is aimed at "protecting consumers who lack access to traditional banking services from predatory, discriminatory, and costly alternatives." Assembly Bill 1177, which lawmakers and advocates unveiled last week, would establish a Public Banking Option Board, which would partner with financial instit...

Banking can be expensive, especially for low-wage workers. A score of California lawmakers has signed on to a new bill designed to offer Golden State households free financial services, taking on the state’s powerful banks at a time when easier access to banking services could help families cope with the economic fallout of the COVID-19 pandemic. If it passes, the California Public Banking Option Act would create BankCal, the first state government program in the nation to offer universal c...

California Tackles Banking Accessibility With New Bill California has a new bill designed to offer households free financial services, taking on the states powerful banks at a time when easier access to banking services could help families cope with the COVID-19 pandemic. by Margot Roosevelt, Los Angeles Times / April 6, 2021 Banking can be expensive, especially for low-wage workers. A score of  California lawmakers has signed on to a new bill ...