California Banker Issue 6 2023

Government Relations: A Year In Review By Jason Lane, Senior Vice President, Director of Government Relations, California Bankers Association

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ley Bank: Where Regulation and Su pervision Fell Short. While CBA was not asked to provide testimony dur ing this hearing, the committees heard from Clothilde V. Hewlett, Commis sioner, Department of Financial Pro tection and Innovation (DFPI), Avy Mallik, General Counsel, DFPI, and Jeanette Quick, Deputy Commis sioner of Investor Protection, DFPI. The committee was very engaged and asked questions relative to the speed at which the Department responded

bers and discussing the important role banks have in their communities. Much of the early dialog, however, quickly pivoted to the collapse of Sili con Valley Business Bank. Immediate ly, the association engaged in discus sions with state and federal lawmakers to address further speculation about the health of the industry. The Cali fornia Senate Banking and Financial Institutions held a joint hearing with the Assembly Banking Committee in May titled The Failure of Silicon Val

hen the legislature convened for the 2023-24 legislative session, one-third of the leg islature had never held state

wide office. This sizable freshman class was the product of both redis tricting, an event that coincides with the U.S. Census every 10 years, and the announcement by some sitting legislators that they would retire and not return to office. CBA spent much of the early part of this year develop ing relationships with these new mem

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