Press Releases

SACRAMENTO – Last week, Wells Fargo Bank made the decision to refund approximately $80 million to nearly 570,000 customers for financial harm as a result of the bank’s Collateral Protection Insurance (CPI) policies. These actions caught the attention of many, including Assemblymember Matt Dababneh (D – Woodland Hills) who serves as Chair of the Assembly Committee on Banking and Finance.

SAN FRANCISCO — Assemblymember Matt Dababneh (D – Woodland Hills) joined Governor Jerry Brown and legislative leaders at a ceremony today to sign Assembly Bill (AB) 398, a bipartisan bill to strengthen and extend California's cap-and-trade program, ensuring the state moves forward in meeting its greenhouse gas reduction goals. The bill signing ceremony took place on Treasure Island, located in San Francisco Bay.

SACRAMENTO – The Senate Judiciary Committee today granted unanimous approval to Assembly Bill (AB) 611 by Assemblymember Matt Dababneh (D–Woodland Hills), a bill that will increase protections for seniors and dependent adults from financial abuse and fraud.

AB 611 solves a common problem within financial institutions where bank officers and employees are presented with situations that require them to honor a power of attorney despite the fact that a financial elder abuse report has been filed on the holder of the power of attorney.