Assembly committee advances ‘CalAccount’ proposal to create zero‑fee state banking option
The Assembly committee on Thursday voted to pass AB 1365, a bill that would create ‘CalAccount,’ a state‑facilitated, zero‑fee debit account aimed at unbanked and underbanked Californians.
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The Assembly committee on Thursday voted to pass AB 1365, a bill by Assemblymember Garcia that would establish “CalAccount,” a state‑facilitated, zero‑fee debit account designed as an on‑ramp for unbanked and underbanked Californians.
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