Video & Transcript : 'overdraft lending' :

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CA
Transcript Highlights:
  • One in six California households do not have access to a bank account due to pricey overdraft fees and
  • I have had to pay hundreds of dollars in overdraft and monthly fees for over 10 years.
  • I have had to pay hundreds of dollars in overdraft and monthly fees for over 10 years.
  • has national account standards ensuring access to checking accounts with low fees, including no overdraft
  • If I'm able to respond... ...so I know our witness testified about a situation of having an overdraft
Summary: The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote. A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote. The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment. The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Apr 21st, 2025

Banking and Finance

Transcript Highlights:
  • One in six California households do not have access to a bank account due to pricey overdraft fees and
  • I have had to pay hundreds of dollars in overdraft fees. and monthly fees for over 10 years.
  • Moreover, no-fee, no-minimum balance accounts are rare in California, as over 95% of banks charge overdraft
  • has national account standards ensuring access to checking accounts with low fees, including no overdraft
  • So I know our witness testified about the situation of having an overdraft fee of $35, as you were saying
CA
Transcript Highlights:
  • The basin operates under a physical solution that depends on imported water to offset overdraft, maintain
  • And then in that spirit, the last question that I had for you, and I wanted to lend voice to that wasn't
  • It protects critically overdrafted groundwater basins.
  • And many small water systems and overdrafted basins simply lack the capacity to absorb a large facility's
  • And so that, you know, lends, in my mind, that there is a particularly urgent challenge and problem,
Summary: The committee heard several water, wildlife, and land-use bills. AB 2218 by Assembly Member Calóra would establish a state policy directing agencies to recognize and address water-related inequities affecting tribes; tribal supporters said it is a needed step toward restoring a voice at the table, while water agencies and local government groups opposed it as vague and potentially harmful to water supply reliability. The bill was amended in committee and moved forward on a vote, though it was left on call. AB 2032 by Assembly Member Ransom, the Golden Mussel Response Act, would speed agency response to the invasive golden mussel by streamlining permits and research; it drew broad support and no opposition, and passed the committee unanimously to Environmental Safety and Toxic Materials. AB 1712 by Assembly Member Pacheco would let Santa Fe Springs sell its small, contaminated water system through a protest process instead of a municipal election; supporters said it would avoid major rate hikes and improve reliability, and it was moved to Appropriations, though the vote was left on call. The committee also considered AB 1722 by Assembly Member Hadwick, which would create a clearer self-defense exception under the California Endangered Species Act for people facing dangerous predators. The author and a sheriff described a fatal mountain lion attack and argued rural residents need certainty; Defenders of Wildlife withdrew opposition after committee amendments, and the bill advanced to Judiciary on a vote that was left on call. AB 1613 by Assembly Member Wilson would require an off-highway vehicle safety and stewardship certification course before operating OHVs on public lands starting in 2029. Supporters said it would reduce accidents and educate new riders, while Vice Chair Gonzalez raised concerns about fees, penalties, tourism, and impacts on low-income residents in his district; the bill passed on a split vote and was left on call. Later, AB 1808 by Assembly Member Carrillo would expand local permitting authority for Western Joshua tree projects and reduce or waive some fees for homeowners and public works. Supporters framed it as a way to balance conservation with housing and infrastructure needs, while environmental groups opposed changes they said would weaken avoidance and mitigation protections; the bill passed to Natural Resources and was left on call. AB 1894 by Assembly Member Rubio would address imported water deliveries and groundwater recharge in the context of golden mussel restrictions, with supporters arguing for a statewide, science-based approach that preserves water reliability; it advanced to Appropriations with no opposition. Throughout the hearing, members repeatedly emphasized the need to balance competing interests, especially around water reliability, tribal equity, public safety, and environmental protection.
CA
Transcript Highlights:
  • It’s also home to more than half of our critically overdrafted groundwater basins.
  • The overdraft is nearly 2 million acre-feet per year. That’s about half of Shasta Reservoir.
  • Reconciling that overdraft will require new supplies, using less water, or most likely a combination
  • Groundwater sustainability agencies’ plans for correcting overdraft rely very heavily on groundwater
  • SGMA responds to decades of groundwater overdraft, and it does not cause this decline.
Summary: The joint informational hearing focused on the state of agricultural production in California, with opening remarks from the Senate and Assembly Agriculture Committee chairs and Assemblymember Aguiar-Curry emphasizing agriculture’s economic importance and the need for stronger state investment. They highlighted concerns about water scarcity, labor shortages, rising costs, extreme weather, tariffs, pesticide and regulatory pressures, and the lack of agricultural funding in recent climate-related allocations. Aguiar-Curry also urged immediate action on the glassy-winged sharpshooter outbreak, which CDFA said would cost about $18.5 million annually to detect, monitor, and eradicate. The first panel featured CDFA and the Department of Water Resources. CDFA described California agriculture as a $61.2 billion industry producing more than 400 commodities, but also noted farm bankruptcies, rising input and compliance costs, climate stress, trade issues, and crop removals in vineyards and almonds. DWR focused on hydrologic variability, snowpack decline, groundwater overdraft, subsidence, and SGMA implementation, and discussed tools such as forecast-informed reservoir operations, groundwater recharge, basin characterization, and the 2028 water plan update. Members asked about immediate legislative priorities, flood response after 2023, Prop. 4 and greenhouse gas reduction funding, and regulatory alignment; officials pointed to pest control, science-based water management, affordability, infrastructure, and better coordination across agencies. The second panel examined water, climate, and resource sustainability. PPIC presented estimates that SGMA, climate change, and environmental regulations could reduce irrigation water in the San Joaquin Valley by about 20% by 2040, potentially requiring 500,000 to 900,000 acres of fallowing and affecting billions in agricultural GDP and tens of thousands of jobs. UC Merced discussed practical adaptation tools including FIRO, managed aquifer recharge, on-farm recharge, land repurposing, agrivoltaics, and crop flexibility. The Agricultural Energy Consumers Association argued that energy costs are unsustainable, that electricity and natural gas rates are rising sharply, and that state programs supporting climate-smart agriculture, biomass, and food processing need more funding and coordination. Members and witnesses discussed how limited Prop. 4 and GGRF dollars might be used for recharge, conveyance, subsidence mitigation, and regulatory improvements. The final panel addressed workforce innovation and the future of food production. Industry representatives said food and fiber processors cannot pass along rising costs from energy, labor, workers’ compensation, packaging rules, and compliance mandates, and warned that SGMA-driven land fallowing, pest pressure, and abandoned orchards threaten small farms and processing jobs. The Almond Alliance called for periodic review of regulations, stronger invasive species response, and targeted support for orchard removal, ag burn alternatives, and water efficiency. The California Farmworker Foundation described its work providing health, education, and civil assistance services to farmworkers in multiple counties, including health navigation, field-based clinics, and food support, and stressed the needs of an aging labor force and food insecurity in rural communities. No votes were taken; the hearing was informational, with members and witnesses discussing possible future legislation and funding priorities.
CA
Transcript Highlights:
  • It’s also home to more than half of our critically overdrafted groundwater basins.
  • The overdraft is nearly 2 million acre-feet per year. That’s about half of Shasta Reservoir.
  • Reconciling that overdraft will require new supplies, using less water, or most likely a combination
  • Groundwater sustainability agencies’ plans for correcting overdraft rely very heavily on groundwater
  • SGMA responds to decades of groundwater overdraft, and it does not cause this decline.
CA
Transcript Highlights:
  • So there was a lot of grants going out to critically overdrafted basins in 2021, $7.6 million.
  • plans, prepare their plans, and start the process for implementation that round for non-critically overdrafted
  • We'd like to lend our support to what's already been said by ACWA, CMUA, and others for fully funding
  • reiterate CMUA's request for full funding of the improved California Water Plan. ...through SB 72 and to lend
Summary: The Assembly Budget Subcommittee on Climate, Crisis, Resources, Energy, and Transportation opened its first hearing on the governor’s natural resources budget with Secretary Wade Crowfoot of the Natural Resources Agency. Crowfoot reviewed California’s recent climate and environmental challenges—drought, wildfire, heat, sea level rise, and federal uncertainty—and highlighted progress on clean energy, zero-emission vehicles, wildfire resilience, water management, coastal planning, conservation, tribal land return, and streamlined project delivery. Members praised his engagement and the administration’s work with tribes, and Crowfoot emphasized that the administration is focused on finishing major projects, improving nature-based solutions, and considering whether some temporary streamlining measures should be codified. He also discussed the Mediterranean Climate Action Partnership and said the state is working with other Mediterranean-climate governments on wildfire, drought, and heat response. Members and the LAO then focused on budget conditions and priorities. The Legislative Analyst’s Office said the state budget remains precarious despite strong revenues, with the governor’s proposal relying on borrowing and reserves and leaving large out-year deficits unresolved. The LAO urged a high bar for new spending, especially in a deficit environment, and recommended prioritizing immediate health and safety needs, avoiding new ongoing commitments, and thinking carefully about special funds. On Proposition 4, the LAO said the administration’s approach generally appeared reasonable and consistent with the bond, but noted implementation has been slow and that the Legislature may want to use appropriations language to shape broad programs such as home hardening, outdoor recreation, and climate education. The chair stressed that climate and environmental funds should be used for their intended purposes and that wildfire spending should shift more toward community hardening and home protection. The hearing then turned to water resilience and Proposition 4 spending. Department of Finance and department staff outlined the bond’s water-related funding for safe drinking water, drought, flood, water recycling, stormwater, groundwater management, dam safety, and the State Water Project. Members pressed for details on how funds would be prioritized, how grants would reach disadvantaged communities, and how the state would track the bond’s 40% target for vulnerable communities. Staff said new tools and reporting systems are being used to monitor allocations, and that AB 107 and related changes should speed up grant implementation by reducing redundant regulatory steps. The committee also discussed dam safety needs, State Water Project repairs, groundwater implementation grants, and the risk of relying on uncertain future revenues from the Salton Sea lithium tax. No votes were taken, and the hearing was informational only.
CA
Transcript Highlights:
  • One in six California households do not have access to a bank account due to pricey overdraft fees and
  • There have been times when I was faced with overdraft fees and unexpected charges.
  • What I needed was support, something that would stop me from overdrafting without warning and from being
  • level, Congress and the administration are rolling back consumer protections, including limiting overdraft
  • We appreciate the intent of the bill. to secure low-cost accounts that have no overdraft fees.
Summary: The committee heard several labor-related bills, with AB 1424, AB 1340, AB 288, and AB 746 all advancing on due-pass motions to Appropriations after testimony and roll calls. AB 1424 would require climate resiliency and extreme-heat protections in CDCR facilities; supporters described dangerous heat conditions for incarcerated workers and staff, while no opposition testified. AB 1340 would allow rideshare drivers to unionize and collectively bargain; drivers, labor groups, and researchers testified that app-based work is low-paid and unstable, while TechNet, Uber, Lyft, and other business groups argued the bill conflicts with Proposition 22 and could raise costs. AB 288 would let PERB step in when federal labor remedies are unavailable; supporters said it is needed because of NLRB dysfunction, while the Chamber of Commerce raised preemption and enforcement concerns. AB 746 would create an inmate cooperative program and a green reentry reserve; supporters framed it as a recidivism-reduction and reentry strategy, and there was no opposition testimony. The committee also heard AB 858, which would extend hotel and hospitality worker recall rights after declared emergencies and extend existing COVID-era protections. Hospitality workers and unions supported the bill as a way to protect jobs after pandemics, wildfires, and other disasters, while hotel, chamber, retail, restaurant, trucking, travel, and attractions groups opposed it, saying the current recall rules were meant to sunset and that the bill would create broad liabilities and hiring complications. The bill was moved to Appropriations but remained on call after the roll. AB 291, creating a credentialed educator apprenticeship program to address teacher shortages and improve diversity, drew support from education groups and stakeholders who said apprenticeships could lower preparation costs and provide better support; it was also moved to Appropriations and placed on call. Later, the committee took up AB 1104, a solar-energy bill intended to clarify that private solar customers are not “awarding bodies” and to ease certain business-to-business solar transactions while preserving prevailing wage and apprenticeship requirements for contractors. Supporters said the current interpretation has chilled commercial solar adoption and harmed jobs, while opponents from electrical workers, PG&E, and others warned about expanded “over-the-fence” power sales and the need for clearer limits. Members questioned the lack of a definition of “small,” and the bill was held without a second. The committee also heard AB 338, which seeks $50 million for Los Angeles and Ventura wildfire workforce recovery; the author and county officials described major job loss and business destruction and said the funds would support displaced workers and rebuilding, with the testimony continuing beyond the excerpt provided.
CA

California 2025-2026 Regular Session

Assembly Labor and Employment Committee Apr 23rd, 2025

Labor and Employment

Transcript Highlights:
  • One in six California households do not have access to a bank account due to pricey overdraft fees and
  • There have been times when I was faced with overdraft fees and unexpected charges.
  • What I needed was support, something that would stop me from overdrafting without warning and from being
  • level, Congress and the administration are rolling back consumer protections, including limiting overdraft
  • Rather than enacting Cal Account... ...to secure low-cost accounts that have no overdraft fees.
Summary: The committee heard several labor and employment bills, with most of the discussion focused on worker protections, collective bargaining, and reentry programs. AB 1424, by Assemblymember Rodriguez, would require climate resiliency measures in CDCR facilities and direct Cal/OSHA to propose extreme-temperature rules for correctional workplaces. Supporters, including NELP, WorkSafe, and formerly incarcerated workers, described dangerous heat conditions in prisons and argued incarcerated workers deserve the same health and safety protections as other workers. There was no opposition, and the bill passed on a due-pass motion to Appropriations with one no vote. AB 1340, by Assemblymembers Wix and Berman, would give rideshare drivers the choice to unionize and collectively bargain. Supporters, including many drivers and labor organizations, said drivers face low pay, deactivations without due process, and lack basic protections; a UC Berkeley researcher cited data showing very low net earnings. Opponents from TechNet, Uber, Lyft, and business groups argued the bill conflicts with Proposition 22 and could raise costs and reduce service. After committee debate over legal authority and state-action immunity, the bill passed to Appropriations with bipartisan support. AB 288 would authorize PERB to act when the NLRB cannot timely resolve labor claims, in response to federal labor board dysfunction. Supporters said California must protect workers’ organizing rights if federal remedies are unavailable, while the Chamber of Commerce raised preemption and enforcement concerns. The bill passed to Appropriations. AB 746, a prison cooperative program bill, would let incarcerated people form worker cooperatives and direct a share of earnings to a Green Reentry Cooperative Reserve; it passed to Public Safety with no opposition. AB 1104, on commercial solar projects, drew mixed testimony: supporters said it would clarify that private solar customers are not “awarding bodies” and would help reverse a steep drop in commercial solar applications, while opponents warned about over-the-fence power sales and unclear scope. The bill was held after committee members requested further clarification. AB 858, extending hospitality worker recall rights after declared emergencies, drew strong labor support and business opposition; the committee voted it out to Appropriations, but it remained on call after a no vote from one member.
CA
Transcript Highlights:
  • Tulare County is a member of five GSAs and three critically overdrafted basins, including the Tulare
  • Tulare County is a member of five GSAs and three critically overdrafted basins, and...
Summary: The Water, Parks, and Wildlife Committee met with a short agenda and initially lacked a quorum, so the chair began with bill presentations before taking formal action. Assemblymember Macedo presented AB 568, explaining that it would help Tulare County and the Tulare Sub-Basin comply with the Sustainable Groundwater Management Act by providing a stable groundwater sustainability agency structure after the local joint powers authority became fractured. Tulare County grants and resources manager Denise England testified in support, describing the basin’s overdraft conditions, the breakdown of the existing JPA, and the county’s need for a long-term entity to implement SGMA. No opposition testimony was offered. After quorum was established, the committee took up AB 568 and the consent item ACR 107. Members voted to concur in Senate amendments on AB 568 and to approve ACR 107 on the consent calendar, with both measures receiving unanimous or near-unanimous aye votes from members present. The chair also noted that Assemblymember Lackey was substituting for an absent member and that the committee would leave the roll open briefly for add-ons before concluding. The meeting ended with final votes recorded, including Assemblymember Lackey’s aye votes on both AB 568 and ACR 107, followed by adjournment.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Thursday, February 13, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • <00:13:28.639><c> fees</c> Overdraft fees, overdraft fees, and now Republicans for letting the president
  • And starting this year, Americans will save $11 billion a year without bank overdraft fees.
  • They've shut down the agency protecting Americans from fraud and predatory lending.
  • They've shut down the agency protecting Americans from fraud and predatory lending.
  • They've shut down the agency protecting Americans from fraud and predatory lending.
Bills: HR35
CA

California 2025-2026 Regular Session

Assembly Water, Parks, and Wildlife Committee Sep 10th, 2025

Water, Parks and Wildlife

Transcript Highlights:
  • Tulare County is a member of five GSAs and three critically overdrafted basins, including the Tulare
  • Tulare County is a member of five GSAs and three critically overdrafted basins, and...
Summary: The Water, Parks, and Wildlife Committee met with a brief agenda and initially lacked a quorum, so members heard bill presentations before taking formal action. Assembly Member Macedo presented AB 568, a Tulare County measure aimed at helping local agencies form a stable groundwater sustainability agency under SGMA. Tulare County staff testified in support, explaining that the Tulare Sub-Basin had become fractured after some agencies left a joint powers authority following State Water Resources Control Board action, and that the bill would provide a long-term structure for SGMA implementation. No opposition testimony was offered. After quorum was established, the committee voted on the items before it. AB 568 was moved by Assembly Member Gonzalez and seconded by Assembly Member Celeste Rodriguez, then approved to concur in Senate amendments by roll call vote. The committee also approved ACR 107 on the consent calendar with a do pass recommendation. The chair noted the bill enjoyed strong support and thanked the author for the effort to keep SGMA moving forward.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 11th, 2026 at 09:05 am

Senate Finance

Transcript Highlights:
  • It would cut the ability of the governor to overdraft from the operating reserve, which was a huge concern
  • And then with negotiations on the House side, it was determined that they do need a small overdraft ability
  • , but that overdraft ability would come from the natural disaster revolving fund. ...overdraft ability
  • , but that overdraft ability would come from the natural disaster revolving fund, which is a loan fund
Bills: SB152 , SB145 , SB190 , HB247 , SB152 , SB145 , HB2 , SB190 , HB247
AZ

Arizona 2026 Regular Session

03/17/2026 - Senate Natural Resources

Senate Natural Resources Committee of Reference

Transcript Highlights:
  • crop, that savings, along with doing the cap for three acre-feet, I think we'll take that 44,000 overdraft
  • current system uses a capitalization rate designed specifically for agricultural land based on real lending
  • current system uses a capitalization rate designed specifically for agricultural land based on real lending
  • current system uses a capitalization rate designed specifically for agricultural land based on real lending
Summary: The committee first heard an informational presentation on transportation fuel supply in Arizona from Gordon Shemp of Nemecu Analytics. He described Arizona’s dependence on pipeline deliveries, limited terminal inventories, and the resulting vulnerability to outages and price spikes. He also discussed recent refinery closures in California, increased imports from overseas, and a proposed Kinder Morgan project that could add east-to-west capacity into Phoenix. Committee members asked about fuel formulations and how many fuel types move through the system; Shemp said the project would not change destination fuel specifications and that multiple fuel products already move through the pipelines. The committee then took up House Bill 2758, which would allow groundwater transport from the McMullen Valley basin to an initial AMA and related uses, with provisions for eligible entities, transportation fees, and water improvement programs. Supporters, including Stan Barnes, Jim Downing, and Barry Arons, argued the bill follows the 1991 transfer-basin framework, provides needed water augmentation for urban Arizona, and includes local benefits and guardrails. Opponents, including La Paz County Supervisor Holly Irwin, Devonna Sater, and Ed Curry, said the bill would worsen groundwater decline, subsidence, and well failures in Salome and Wenden and favored rural communities being used to solve urban water shortages. The committee approved HB 2758 on a 4-3 vote. The committee also considered HB 2078, which clarifies that certain aggregate mining reclamation notice requirements apply only to new reclamation plans and new aggregate operations, not existing mines. The sponsor said the bill fixes confusion from prior legislation, and the committee passed it 5-0. HB 2031, extending the deadline for applying for a certificate of grandfathered right in the Wilcox AMA from 15 to 27 months, also passed after some members argued the extension was needed for affected applicants while others said it would delay needed protections. HB 2102, allowing county improvement districts in certain basins to use eminent domain for a well and standpipe site and to operate domestic water delivery systems, and HB 2103, allowing gifts and fee revenues to support water hauling and local water improvement programs, both passed 4-3 despite opposition that they were only partial fixes. Later, HB 2117, which increases the annual distribution cap for conservation district education centers and shifts Environmental Special Plate Fund disbursements to the Natural Resource Conservation Board, passed 5-2 after supporters called it a technical cleanup and one member objected to changing the administering entity. HB 2261, revising agricultural property tax valuation terminology and requiring income-based valuation for agricultural real property, passed 4-3 after assessors and county representatives warned it would remove agricultural improvements from the tax rolls and shift costs to homeowners, while farm groups said it would clarify and stabilize agricultural taxation. Finally, HB 2262, transferring the Resource Analysis Division from the State Land Department to the Arizona Geological Survey and changing related geospatial advisory duties, was presented with State Land Department concerns that the bill left several duties and funding questions unclear; the transcript ends before any final action on HB 2262.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/18/25

Taxes

Transcript Highlights:
  • Clayman, but when I'm reading the second bullet, does this mean that when banks collect, like overdraft
  • fees and late fees, are we not taxing them for that revenue that they get from people who overdraft?
  • Representative Aisha Gomez: So, when banks collect overdraft fees and late fees, are we not taxing them
  • for that revenue that they get from people who overdraft?
  • overdraft fees I haven't<01:05:35.559><c> really</c><01:05:35.839><c> incurred</c><01:05:36.640><c>
Committee: House Taxes
MN
Transcript Highlights:
  • recent research study also finds that as sports betting spreads, credit card debt increases and overdraft
  • recent research study also finds that as sports betting spreads, credit card debt increases and overdraft
  • recent research study also finds that as sports betting spreads, credit card debt increases and overdraft
  • As sports betting spreads, credit card debt increases and overdraft frequency rises as well.