AB 2028: Deferred deposit transactions: assessments.

This bill aims to amend the financial code to improve the administration of the California deferred deposit transaction law. The law requires financial institutions to pay a pro rata share of the costs and expenses incurred by the commissioner of financial protection and innovation. The bill would require an invoice or assessment notice to include the calculation used to determine the amount due from the institution. This change would provide transparency and clarity for financial institutions, ensuring they are aware of the costs associated with complying with the law.