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AB 665

Relating to: subtraction of charitable contributions by non-itemizers. (FE)

2025-2026 Regular Session Introduced by Lindee Brill and 8 co-sponsors

AB 665 requires DFPI to include the Office of the Ombuds in its annual report, boosting transparency about Ombuds activities and complaint outcomes with no new funding.

Failed to pass pursuant to Senate Joint Resolution 1
0
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Bill Summary · AB 665

AB 665 (Chen) — Summary

Status: Chaptered into law (Chapter 162, Statutes of 2025).
Introduced: February 14, 2025.
Latest status note provided: Representative Ortiz-Velez added as a coauthor.

Main purpose

AB 665 requires the Commissioner of Financial Protection and Innovation to include information about the Department of Financial Protection and Innovation’s Office of the Ombuds in the Commissioner’s statutorily required annual report. The change is intended to increase transparency and public reporting about the Ombuds office’s activities under the California Consumer Financial Protection Law.

Key provisions

  • Amends Financial Code Section 90018.
  • Continues the existing requirement that the Commissioner prepare and publish an annual report on the department’s website summarizing actions taken under the California Consumer Financial Protection Law during the prior year.
  • Expands the list of subjects the annual report “shall include” to explicitly cover:
    • Rulemaking, enforcement, oversight, consumer complaints and resolutions, education, and research;
    • The activities of the Financial Technology Innovation Office; and
    • The activities of the Office of the Ombuds (newly added).
  • Maintains that the report may include recommendations intended to improve oversight, transparency, or increase availability of beneficial financial products and services.
  • No appropriation is made by the bill; a fiscal committee review was noted.

Who is affected

  • Department of Financial Protection and Innovation (DFPI) and the Commissioner — required to include Ombuds activities in the annual report.
  • Office of the Ombuds — its activities and outcomes will be publicly summarized annually.
  • Consumers, consumer advocates, financial services firms, and fintech entities — will have additional public information about Ombuds engagements, complaint resolution trends, and related activities.

Procedural / timeline highlights

  • Passed Assembly and Senate unanimously (Assembly votes reported 76–0; Senate votes reported 37–0).
  • Enrolled and presented to the Governor on September 2, 2025.
  • Approved by the Governor and chaptered on October 1, 2025 (Chapter 162, Statutes of 2025).
  • Note: the bill text and legislative history provided also list various sponsors and primary supporters (author: Chen; multiple primary sponsors listed).

Potential impact

The amendment is narrowly targeted and administrative in nature. Its primary effect is enhanced public reporting about the DFPI’s Ombuds office, which may improve transparency, inform policymaking, and assist consumers and stakeholders in understanding Ombuds activities and outcomes. Fiscal impact is likely minimal (no new appropriation provided).

Compiled from official sources — confirm details with the bill’s official record.

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