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 …
Last night, Senate President pro Tempore Limón announced leadership positions and committee assignments for the remainder of the 2025–26 Legislative Session. Most changes will take effect on February 1, with the exception of the Budget Committees and the Natural Resources …
Last week’s House Financial Services Committee convened top banking regulators to examine supervisory and regulatory developments, rulemakings, and activities of the prudential regulators. For credit unions, the hearing underscored both risk and opportunity: rising political interference threatens the stability of …
Today, Governor Lombardo called the Legislature into special session to revisit several major policy items left unresolved in the 2025 regular session. The special session to begin on Thursday, November 13th at 10am. The Governor’s formal proclamation sets the agenda …
The Little Hoover Commission (LHC) recently held two public hearings on financial scams and fraud, a familiar topic for credit unions. In advance of the hearings, California’s Credit Unions engaged with LHC staff to convey our perspective and subsequently provided …