CA AB2028

Requires the Commissioner of Financial Protection and Innovation to include detailed pro rata calculation breakdowns in assessment invoices sent to deferred deposit transaction (payday loan) licensees

Assessment notices must itemize as separate line items: total administrative costs, any program deficits, aggregate transaction amounts from all licensees, the individual licensee's transaction amount, and number of licensed locations

Amends Financial Code Section 23016, which governs annual assessments paid by payday lenders to fund regulatory oversight of the industry

Current law already requires licensees to pay pro rata shares of administrative costs based on their proportion of total deferred deposit transactions, with a minimum assessment of $500 per licensed location per year