OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Consumer Protections

Issue Position

Date: Jan. 1, 2020
Issues: Business and Consumers Employment and Affirmative Action

Monique has brought her unique voice and perspective to the finance world as California State Assembly's Chair of the Committee on Banking and Finance, the second woman ever to hold this role. Since her appointment, Monique has worked hard to address consumer protections in the small dollar consumer loan industry. In 2019, Monique was successful in getting AB 539 enacted into law. The bill establishes consumer protections for borrowers against predatory lending practices and received strong, bipartisan support in both houses of the Legislature. The issue of high-cost consumer loans has been a point of contention in the Legislature for decades. Monique led a strong and diverse coalition of supporters that included community groups, local governments, faith leaders, and responsible lenders to ensure successful passage of AB 539.


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