“AB 2501 Shifts the Cost of This Crisis onto the Private Sector, which will Limit Financial Opportunities in California and Create Job Loss.“ California Chamber of Commerce
19 May 2020 – In addition to the California Association of Licensed Repossessors (CALR) opposition to California’s state assembly bill 2501, titled the “COVID-19: homeowner, tenant, and consumer relief Law of 2020” an additional eight banking and credit union trade organizations have issued their own individual and joint written concerns. The bill is scheduled to face its first hurdle today as it is expected to come to vote in the states California House Banking and Finance Committee.
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