California State Assembly Threatens CU Industry with New Bill

California Long Term Mortgage Forbearance Bill Goes to Vote August 18

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Slithering across the state assembly floor, AB-1436 passed largely unopposed and unnoticed while it’s parasitic clone died with its attachment to AB-2501, the Repo and Foreclosure Moratorium Bill. Apparently, the combined forces of the auto lending and repossessions communities were too large for them to overcome, so they’re employing the ages old strategy of “divide and conquer and leaving the credit union industry left out to wither and die.

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California State Assembly Threatens CU Industry with New Bill – Delinquency