Assembly BillChaptered/SignedFinancial
AB 665: Commissioner of Financial Protection and Innovation: report: Office of the Ombuds.
What AB 665 does, verified December 7, 2025
This bill amends the financial code to require the commissioner of financial protection and innovation to prepare and publish an annual report detailing actions taken under the consumer financial protection law. The report must include information on actions taken with respect to financial technology innovation office activities and the office of the ombuds. This will provide transparency and accountability in the implementation of the consumer financial protection law.
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Last action: Chaptered by Secretary of State - Chapter 162, Statutes of 2025. (2025-08-25)Alert me
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| Oct. 01, 2025 | Chaptered by Secretary of State - Chapter 162, Statutes of 2025. |
| Oct. 01, 2025 | Approved by the Governor. |
| Sep. 02, 2025 | Enrolled and presented to the Governor at 3 p.m. |
| Aug. 26, 2025 | In Assembly. Ordered to Engrossing and Enrolling. |
| Aug. 25, 2025 | Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2251.). |
Latest bill textChaptered version, October 1, 2025 · 275 words
Assembly Bill No. 665
CHAPTER 162
An act to amend Section 90018 of the Financial Code, relating to financial institutions.
[ Approved by Governor October 01, 2025. Filed with Secretary of State October 01, 2025. ]
LEGISLATIVE COUNSEL'S DIGEST
AB 665, Chen. Commissioner of Financial Protection and Innovation: report: Office of the Ombuds.
The California Consumer Financial Protection Law requires the Commissioner of Financial Protection and Innovation to prepare and publish on the Department of Financial Protection and Innovation’s internet website an annual report detailing actions taken during the prior year under the law and requires the report to include information on actions taken with respect to, among other things, the activities of the Financial Technology Innovation Office.
This bill would additionally require the report to include information on actions taken with respect to the Office of the Ombuds.
The people of the State of California do enact as follows:
SECTION 1.
Section 90018 of the Financial Code is amended to read:90018.
(a) The commissioner shall prepare and publish on the department’s internet website an annual report detailing actions taken during the prior year under this law.(b) The report described in subdivision (a) shall include, but not be limited to, information on actions taken with respect to all of the following:
(1) Rulemaking, enforcement, oversight, consumer complaints and resolutions, education, and research.
(2) The activities of the Financial Technology Innovation Office.
(3) The activities of the Office of the Ombuds.
(c) The report may include recommendations, including those intended to result in improved oversight, greater transparency, or increased availability of beneficial financial products and services in the marketplace.
Text of AB 665 as chaptered, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions