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SB-825 • 2026

Consumers: financial protection.

Consumers: financial protection.

Labor
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Limón (S) , Grayson
Last action
2025-10-06
Official status
Chaptered by Secretary of State. Chapter 355, Statutes of 2025.
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about enforcement mechanisms or the exact actions the Commissioner can take.

Financial Protection for Consumers

This law ensures that licensed financial professionals in California can still be monitored and penalized if they engage in unfair or deceptive practices.

What This Bill Does

  • It clarifies that the Department of Financial Protection and Innovation has the authority to regulate consumer financial products and services under existing laws.
  • It specifies that nothing in the current exemptions for licensed professionals prevents the Commissioner from enforcing rules against deceptive or abusive acts.

Who It Names or Affects

  • Consumers who use financial products or services in California
  • The Department of Financial Protection and Innovation
  • Licensed escrow agents and finance lenders

Terms To Know

Department of Financial Protection and Innovation
A government agency that oversees the regulation of consumer financial products or services to protect people's money.
Covered person or service provider
Companies or individuals who offer financial products or services to customers, subject to certain regulations.

Limits and Unknowns

  • The bill does not specify the exact actions the Commissioner can take against exempted professionals.
  • It is unclear how this law will be enforced in practice.

Bill History

  1. 2025-10-06 California Legislative Information

    Chaptered by Secretary of State. Chapter 355, Statutes of 2025.

  2. 2025-10-06 California Legislative Information

    Approved by the Governor.

  3. 2025-09-22 California Legislative Information

    Enrolled and presented to the Governor at 11 a.m.

  4. 2025-09-10 California Legislative Information

    In Senate. Ordered to engrossing and enrolling.

  5. 2025-09-10 California Legislative Information

    Read third time. Passed. (Ayes 59. Noes 19. Page 3171.) Ordered to the Senate.

  6. 2025-08-21 California Legislative Information

    Read second time. Ordered to third reading.

  7. 2025-08-20 California Legislative Information

    From committee: Do pass. (Ayes 11. Noes 4.) (August 20).

  8. 2025-07-08 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (July 7). Re-referred to Com. on APPR.

  9. 2025-06-17 California Legislative Information

    June 23 hearing postponed by committee.

  10. 2025-06-09 California Legislative Information

    Referred to Com. on B. & F.

  11. 2025-06-04 California Legislative Information

    In Assembly. Read first time. Held at Desk.

  12. 2025-06-03 California Legislative Information

    Read third time. Passed. (Ayes 28. Noes 10. Page 1440.) Ordered to the Assembly.

  13. 2025-05-06 California Legislative Information

    Read second time. Ordered to third reading.

  14. 2025-05-05 California Legislative Information

    From committee: Be ordered to second reading pursuant to Senate Rule 28.8.

  15. 2025-04-25 California Legislative Information

    Set for hearing May 5.

  16. 2025-04-23 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 2. Page 838.) (April 22). Re-referred to Com. on APPR.

  17. 2025-04-10 California Legislative Information

    Set for hearing April 22.

  18. 2025-04-03 California Legislative Information

    From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 2. Page 633.) (April 2). Re-referred to Com. on JUD.

  19. 2025-03-24 California Legislative Information

    From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.

  20. 2025-03-18 California Legislative Information

    Set for hearing April 2.

  21. 2025-03-12 California Legislative Information

    Referred to Coms. on B. & F.I. and JUD.

  22. 2025-02-24 California Legislative Information

    Read first time.

  23. 2025-02-24 California Legislative Information

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

  24. 2025-02-21 California Legislative Information

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

Official Summary Text

SB 825, Limón.
Consumers: financial protection.
Existing law, the California Consumer Financial Protection Law (CCFPL), requires the Department of Financial Protection and Innovation, headed by the Commissioner of Financial Protection and Innovation, to regulate consumer financial products or services under California consumer financial laws. The CCFPL makes it unlawful for a covered person or service provider, as defined, to engage in certain deceptive or abusive acts or practices with respect to consumer financial products or services. The CCFPL exempts from its provisions a person or employee of that person to the extent that person or employee is acting under the authority of certain licenses, certificates, or charters issued by the department, including licensed escrow agents and finance lenders.
This bill would provide that nothing in the above-described exemption shall be deemed to prevent the commissioner from using the authority provided by the CCFPL to enforce the above-described provision on deceptive or abusive acts or practices.

Current Bill Text

Read the full stored bill text 
Download Bill PDF