California Secretary of Business & Consumer Services, Fmr Director of @CFPB (2021-25), @FTC Commissioner (2018-21), Board Member of @fdicgov. Personal account.
Many homeowners working to rebuild from the LA fires have been unable to access their insurance funds, since their payment gets held up by their mortgage company.
California is warning mortgage companies to end improper withholding of funds for rebuilding.
China has been heavily investing in efforts to dominate EVs and the global automotive industry. California is taking action to ensure the U.S. remains competitive.