C06E8CAB95B836588725899C007CE52C Hearing Summary

The committee took a recess.

The committee came back to order.

Cheye-Ann Corona, representing Affirm, testified in opposition to the bill.

Mr. Gilberto Mendoza, representing Upstart, testified in opposition to the bill.

Mr. Jabo Covert, representing Community Choice Financial Inc., testified in opposition to the bill.

Gerron Levi, representing American Fintech Council, testified in opposition to the bill.

The panelists responded to questions from the committee.

Mr. Parris Sanz, representing Webbank, testified in opposition to the bill.

Jean Traub, representing Best Egg, testified in opposition to the bill.

Tara Rider, representing Cross River Bank, testified in opposition to the bill.

Mr. David Melcer, representing themself, testified to amend the bill.

Martha Fulford, representing the Department of law, testified in support of the bill.

Mr. Scott Wasserman, representing the Bell Policy Center, testified in support of the bill.

Melissa Mejia, representing the Community Economic Defense Project, testified in support of the bill.

Ms. Naomi Amaha, representing The Denver Foundation, testified in support of the bill.

The panelists responded to questions from the committee.

Ms. Carolyn Carter, representing the National Consumer Law Center, testified in support of the bill.

Ellen Harnick, representing the Center for Responsible Lending, testified in support of the bill.

Ms. Jessica Whitney, representing themself, testified in support of the bill.

Ed Perlmutter, representing Synchrony Bank, testified to amend the bill.

Senator Gonzales explained the purpose of Amendment L.008.

The sponsor made closing comments on the merits of the bill.

Committee members made closing comments on the merits of the bill.