Plain English Breakdown
The official summary confirms the report must include information on actions taken with respect to the Office of the Ombuds, but does not define what that office is or how it functions.
Adding Office of the Ombuds Info to Annual Financial Report
This law requires the Commissioner of Financial Protection and Innovation to include information about actions taken regarding the Office of the Ombuds in their yearly public report.
What This Bill Does
- Requires an annual report on actions taken under the California Consumer Financial Protection Law.
- Mandates that the report be published on the Department's website.
- Adds a requirement to include details about actions taken with respect to the Office of the Ombuds in the report.
Who It Names or Affects
- The Commissioner of Financial Protection and Innovation
- The Department of Financial Protection and Innovation
Limits and Unknowns
- The official text does not specify the exact details or format required for the Office of the Ombuds section.
- The effective date is not listed in the provided source material.