AB 1885 updates exemptions in bankruptcy to better reflect today's rising housing costs
September 18, 2020
SACRAMENTO – State Senator Bob Wieckowski (D-Fremont) tonight praised Governor Gavin Newsom for signing a major increase in the state’s outdated homestead exemption law that will boost the amount of equity protected from creditors and prevent more homeowners from losing their residences in bankruptcy cases. AB 1885, a budget trailer bill, puts California more in line with other states that have strong homestead exemption laws.
SB 898, sponsored by Treasurer Fiona Ma, shields the accounts from creditors
September 11, 2020
SACRAMENTO – Governor Gavin Newsom today signed a bill by Senator Bob Wieckowski (D-Fremont) to protect ScholarShare 529 savings accounts from creditors in bankruptcy cases, giving families hard hit financially by the COVID 19 pandemic some much-needed security. The bill, SB 898, is sponsored by California State Treasurer Fiona Ma.
SACRAMENTO – With an eye toward shielding consumers from unscrupulous debt collectors preying on California families during the COVID-19 induced economic crisis, the state Legislature today approved a bill by Senator Bob Wieckowski (D-Fremont) to license debt collectors and debt buyers operating in California. The bill, SB 908, now heads to Governor Newsom for his consideration. It is supported by a large coalition of consumer organizations and legal service providers.
Sponsored by State Treasurer Ma, SB 898 prevents creditors from taking higher-ed savings in bankruptcy cases
August 27, 2020
SACRAMENTO – The California State Senate today approved State Senator Bob Wieckowski’s (D-Fremont) bill to protect ScholarShare 529 savings accounts from creditors in bankruptcy cases, sending the legislation to Governor Newsom for his consideration. The bill is sponsored by California State Treasurer Fiona Ma.
Senator Wieckowski, consumer groups herald new law preventing debt collectors from emptying people's bank accounts
August 25, 2020
SACRAMENTO – Beginning next Tuesday, Californians taking on more debt through the COVID-19 pandemic, high unemployment and wildfires, will gain some added financial security when a law authored by Sen. Bob Wieckowski (D-Fremont) and supported by consumer groups and legal aid providers goes into effect.
Senate Bill 616 was approved by the Legislature and signed into law by Governor Gavin Newsom in 2019. The law creates an automatic bank account exemption to prevent debt collectors from seizing the last $1,788 in a person’s account.
Legislators, consumer groups to hold press conference highlighting law preventing debt collectors from emptying accounts
August 24, 2020
SACRAMENTO – Help is on the way for Californians in debt who are seeking to protect the last of their meager savings, as a new law barring collectors from zeroing out a debtor’s account goes into effect on September 1.
SB 908 increases oversight of industry as more Californians take on debt during Covid-19 pandemic
August 12, 2020
SACRAMENTO – A bill by Senator Bob Wieckowski (D-Fremont) to require the licensing of debt collectors and debt buyers in California moved one step closer to becoming law when it was approved today by the Assembly Banking and Finance Committee. SB 908 now advances to the Assembly Appropriations Committee. It has already passed the Senate.
FREMONT – State Senator Bob Wieckowski (D-Fremont) released the following statement on the passing of Donna Olsen, a Fremont community activist and founder of the Tri-City Ecology Center. She died yesterday morning at the age of 88.
SACRAMENTO – With more Californians living paycheck-to-paycheck and taking on more debt to cover their bills, the California State Senate today approved with bipartisan support SB 908 by Senator Bob Wieckowski (D-Fremont) to require the licensing of debt collectors and debt buyers in California. The bill is supported by a number of California’s top consumer organizations.