Part ofFinancial Regulation →

AB 2028CALIFORNIASession 20252026

California AB 2028 requires state regulators to detail how payday lender fees are calculated

Original title: Deferred deposit transactions: assessments.

August 30, 2026

Financial Regulation Payday Lending Consumer Protection State Legislation Deferreddeposittransactions assessments

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Where This Stands

Currently Unknown. The next step in the legislative lifecycle is Introduced.

Last action

Read second time. Ordered to Consent Calendar.May 7, 2026

Version history & redline

2 versions on file

Official version history is partial: 2 linked texts are unavailable or incomplete. Source links remain available below.

Comparing AB2028 → 02/17/26 - Introduced

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Redline computed from the official version text (record lane).View this version →

The Frame

What this does

This bill increases transparency for licensed lenders by mandating that the state provide the specific formula used to calculate their mandatory regulatory assessment fees.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Deferred deposit transaction licensees

These businesses will receive more detailed assessment invoices from the state regulator.

Department of Financial Protection and Innovation

The department must update its invoicing process to include the required calculation details.

What changed

Last recorded activity August 30, 2026.

What's next

Introduced.

Summary

California AB 2028 requires the Department of Financial Protection and Innovation to include a clear breakdown of the calculation on all assessment invoices sent to s. This change ensures that payday lenders receive an itemized explanation of how their administrative fees are determined.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is a deferred deposit transaction?

Commonly known as a payday loan, this is a transaction where a lender defers the deposit of a personal check written by a borrower in exchange for a fee.

How does this bill change the current process for lenders?

Currently, lenders pay a share of the state's administrative costs. This bill forces the state to show the math behind those charges on the invoice.

Why It Matters

This bill increases transparency for licensed lenders by mandating that the state provide the specific formula used to calculate their mandatory regulatory assessment fees.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference100% confidence

Conditional Operability

The bill contains a specific contingency clause linking its implementation to the enactment order of AB 2795.

AB 2795 AB 2028

Connected Entities

otherSection 23016“The section of the Financial Code being amended by this bill.”Map →

organizationCommissioner of Financial Protection and Innovation“The state official responsible for licensing and regulating deferred deposit tra”Map →

otherCalifornia Deferred Deposit Transaction Law“The existing state law governing payday lending and licensee assessments.”Map →

organizationDepartment of Financial Protection and Innovation“The state agency responsible for regulating deferred deposit transactions.”Map →

personCommissioner of Financial Protection and Innovation“The official responsible for issuing assessment notices to licensees.”Map →

Sources

Open source document

openstates.org

Analysis Score

0–100

Significance35
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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