Consumer Protection Law
Aug. 5, 2025
Effort to expand state consumer watchdog powers alarms banking industry
As the federal Consumer Financial Protection Bureau recedes under new leadership, California lawmakers are moving to strengthen state enforcement through SB 825 --setting the stage for a legal and regulatory battle with the banking industry.
California lawmakers are pushing a bill that banking groups warn could unravel a hard-fought 2020 compromise on consumer financial protection--potentially sparking new litigation and regulatory clashes at the state and federal levels.
Senate Bill 825 would expand the authority of the Department of Financial Protection and Innovation (DFPI) to pursue enforcement actions against "unfair, deceptive, or abusive" commercial practices under state law, a shift supporters say i...
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