Bill Commons

CA SB 728

dead

California Consumer Financial Protection Law: commercial financing.

California · 2025-2026 Regular Session · upper

Description

Existing law, the California Consumer Financial Protection Law (CCFPL) , establishes certain consumer protections relating to consumer financial products, practices, and services, including, among others, making it unlawful for covered persons or service providers, as defined, to, among other acts, engage in unlawful, unfair, deceptive, or abusive acts or practices with respect to consumer financial products or services. Existing law establishes that the purpose of the CCFPL is to promote consumer welfare, fair competition, and wealth creation in this state by promoting, among other things, nondiscriminatory access to consumer financial products and services that are understandable and not unfair, deceptive, or abusive. Existing law authorizes the Department of Financial Protection and Innovation, under the direction of the Commissioner of Financial Protection and Innovation, to prescribe rules regarding registration requirements applicable to a covered person in the business of offering or providing a consumer financial product or service, as defined, and rules requiring the payment of registration fees. This bill would expand the purposes of the CCFPL to include the protection of small businesses from abusive financial practices, as specified. The bill would require the department to prescribe rules regarding registration requirements applicable to covered persons seeking to offer or provide commercial financing products, as defined and specified. The bill would, commencing January 1, 2027, prohibit a person from engaging in the business of offering to provide or providing commercial financing products without first registering with the commissioner, as specified. The bill would impose various duties on commercial financing providers and brokers, including, among other things, prohibiting the taking of a confession of judgment or power of attorney at any time before a default, as specified. The bill would make various conforming changes.

Introduced
2025-02-21
Status date
—
Latest action
2026-02-02 — Returned to Secretary of Senate pursuant to Joint Rule 56.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Padillaauthor

Committees

Not provided by source.

Action timeline

  1. 2025-02-21

    Introduced. To Com. on RLS. for assignment. To print.

    introduction,referral-committee

  2. 2025-02-24

    From printer. May be acted upon on or after March 24.

  3. 2025-02-24

    Read first time.

    reading-1

  4. 2025-03-12

    Referred to Com. on RLS.

    referral-committee

  5. 2025-03-25

    From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

    amendment-passage,committee-passage,reading-1,reading-2,referral-committee

  6. 2025-03-28

    Set for hearing April 7 in B. & F.I. pending receipt.

  7. 2025-04-02

    Re-referred to Coms. on B. & F.I. and JUD.

    referral-committee

  8. 2025-04-08

    From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 0. Page 679.) (April 7). Re-referred to Com. on JUD.

    committee-passage,committee-passage-favorable,referral-committee

  9. 2025-04-09

    Set for hearing April 22.

  10. 2025-04-23

    From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0. Page 837.) (April 22).

    amendment-passage,committee-passage,committee-passage-favorable,referral-committee

  11. 2025-04-24

    Read second time and amended. Re-referred to Com. on APPR.

    amendment-passage,reading-1,reading-2,referral-committee

  12. 2025-04-29

    Set for hearing May 5.

  13. 2025-05-05

    May 5 hearing: Placed on APPR. suspense file.

  14. 2025-05-16

    Set for hearing May 23.

  15. 2025-05-23

    May 23 hearing: Held in committee and under submission.

  16. 2026-02-02

    Returned to Secretary of Senate pursuant to Joint Rule 56.

    failure

Versions

  • 02/21/25 - Introduced — 2025-02-21Compare
  • 03/25/25 - Amended Senate — 2025-03-25Compare
  • 04/24/25 - Amended Senate — 2025-04-24Compare
  • (document, no version)Compare
  • SB728Compare

Documents

Votes

  • Do pass, but first be re-referred to the Committee on [Judiciary]

    2025-04-07 · pass · 5-0

    Member-level votes (7)
    • Richardson: yes
    • Cervantes: yes
    • Grayson: yes
    • Limón: yes
    • Hurtado: yes
    • Strickland: other
    • Niello: other

  • Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]

    2025-04-22 · pass · 12-0

    Member-level votes (13)
    • Allen: yes
    • Wahab: yes
    • Durazo: yes
    • Umberg: yes
    • Caballero: yes
    • Laird: yes
    • Arreguín: yes
    • Stern: yes
    • Weber Pierson: yes
    • Ashby: yes
    • Niello: yes
    • Wiener: yes
    • Valladares: other

  • Placed on suspense file

    2025-05-05 · pass · 7-0

    Member-level votes (7)
    • Richardson: yes
    • Grayson: yes
    • Seyarto: yes
    • Caballero: yes
    • Dahle: yes
    • Cabaldon: yes
    • Wahab: yes

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB728

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=CA&identifier=SB 728. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.