The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Licensing and Supervision of Banks and Trust Companies Program. Also known as the Banking program, this program regulates, supervises, and examines various entities, including state-licensed banks and trust companies, business and industrial development corporations, public banks, industrial banks, and premium finance companies.
https://lao.ca.gov/Publications/Report/5025

The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank

Oct 5, 2020 - The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank COVID-19 Disaster Relief for Small Businesses.
https://lao.ca.gov/Publications/Report/4271

The 2020-21 Budget: Reinventing the Department of Business Oversight

Feb 26, 2020 - Regulation of Industrial Banks How Should Industrial Banks Be Regulated? The proposed language would change the requirements for entities to qualify as industrial banks, with the intent of making it easier for entities —such as financial technology companies (known as Fintech companies) —that are not exclusively engaged in financial activities to secure an industrial bank charter in California.
https://lao.ca.gov/Publications/Report/4181

The 2025-26 Budget: Department of Financial Protection and Innovation [Publication Details]

Apr 3, 2025 - In this post, we assess administration-proposed trailer bill language that would increase certain fees charged by the Department of Financial Protection and Innovation and make recommendations to help ensure the department has the resources it needs to meet its oversight and regulatory mission.
https://lao.ca.gov/Publications/Detail/5025

Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details]

Feb 10, 2015 - Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details] Infographic Description: California law has long required banks, insurance companies, and many other types of entities to transfer to the State Controller’s Office (SCO) personal property considered abandoned by owners.
https://lao.ca.gov/Publications/Detail/3167

Nutrition Programs in COVID-19 Recovery Actions

Mar 25, 2020 - Most recently, on March  31, 2020, the administration announced its intent to provide $24.3  million to counties for increased administrative workload related to CalFresh and $20  million to support California food banks currently operating TEFAP.
https://lao.ca.gov/Publications/Report/4211

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - Many banks allowed borrowers to defer payments on existing loans for six months to one year because of COVID-19. If a borrower has requested a deferment from their bank, the SBA will provide six months of payments followi ng the end of the deferment.
https://lao.ca.gov/Publications/Report/4215

The 2017-18 Budget: State Treasurer’s Office

Feb 3, 2017 - The office provides various banking services for state and local governments. For example, STO invests state funds, administers the sale of state bonds, and processes various payments. The State Treasurer also serves as chairperson of various state boards, commissions, and authorities.
https://lao.ca.gov/Publications/Report/3545

Main Types of Disaster Recovery Assistance

Jan 10, 2019 - Specifically, the California Infrastructure and Economic Development Bank (IBank) administers the California Disaster Relief Loan Guarantee Fund Program , which provides loan guarantees of up to 80 percent to 95 percent of the loan for small businesses affected by natural and other disasters.
https://lao.ca.gov/Publications/Report/3917

The 2018-19 Budget: State Treasurer’s Office

Jan 31, 2018 - The office provides various banking services for state and local governments. For example, STO invests state funds, administers the sale of state bonds, and processes various payments. The State Treasurer also serves as chairperson of various state boards, commissions, and authorities (BCAs).
https://lao.ca.gov/Publications/Report/3737