California Banker Issue 3 2025

ing access to credit, and making it harder, not easier, for LMI and minority families to build wealth.

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ed consequences: increased compliance costs will reduce the capacity of community lenders to finance affordable mortgages and small business loans. These are the very institutions that are most deeply embedded in, and com mitted to, California’s underserved communities. In a state already grappling with a housing affordability crisis, AB 801 risks driving up borrowing costs, shrink

Chris Shultz is Vice President, Government Relations for the California Bankers Association. He formerly served as chief deputy commissioner at the California Depart ment of Financial Protection and Innovation.

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