This morning, the California State Legislature adjourned the 2025-56 legislative session. Session was expected to gavel down at midnight August 31st, but Legislators had to come back on Tuesday for the final votes on last-minute budget related deals. During the …
Tonight, California’s Credit Unions staff heard from the Assembly, Senate, and Governor’s Office that our request for parity on the SaaS tax did not make the final cut for the budget trailer bills. While credit unions were in a unique …
President Donald Trump has designated John Crews as Chairman of the National Credit Union Administration (NCUA) board following his confirmation by the U.S. Senate. Crews was sworn in today as the fourteenth Chairman of the NCUA Board and will serve …
The National Credit Union Administration (NCUA) has issued guidance indicating that eligible federal credit unions (FCUs) can begin taking advantage of new board meeting flexibility enacted through the Credit Union Board Modernization Act (CUBMA) without waiting for the agency to …
California Appropriations Suspense File Results Today, the California Senate and Assembly Appropriations Committees held their suspense committee hearings where they quickly dispense with bills that are keyed fiscal and given a high price tag. In the Assembly, any bill with …
John Crews has been nominated to serve as a member of the National Credit Union Administration (NCUA) board for a term expiring August 2, 2031. Crews currently serves as Deputy Assistant Secretary for Financial Institutions Policy at the U.S. Department …
Earlier today, Governor Gavin Newsom held a press conference to announce progress in developing California’s stand-alone course in personal finance for high school students – a new graduation requirement starting with the class of 2030-31. The Governor announced that the …
Last Friday was the deadline for introducing bills in the 2026 California legislative session. Between the Assembly and Senate, nearly 1,800 bills were introduced, which is lowest number in the past twenty years. About 600 of the bills are either …
We wanted to share some recent updates on mortgage forbearance. Last week the Governor announced a commitment from more than 160 lending institutions to provide mortgage relief for fire survivors impacted by the 2025 L.A. firestorms. These lenders have agreed …
Today’s U.S. Supreme Court action was procedural and brief: the justices did not block California’s newly drawn congressional districts approved via Proposition 50. That means, for now, the new district boundaries can be used in the 2026 midterm elections while …
In 2026, President Trump has been much more vocal on credit card programs. Specifically, he called on Congress to pass a resolution that caps credit card interest rates at 10% and issued an announcement via social media that he supports …
Governor’s Office Issues Initial 2026-2027 Budget Proposal On January 9th, California Director of Finance Joe Stephenshaw held a media briefing to provide details of Governor Gavin Newsom’s 2026-27 state budget proposal. More specifically, the Governor’s $348.9 billion proposal includes $248.3 …