California Gov. Jerry Brown signed three bills Sunday that could have a sizable impact on banks and other lenders in the nation’s most populous state.
The most prominent of the three requires publicly traded companies that are headquartered in California to add more women to their boards. Brown also signed legislation imposing new disclosure requirements for certain small-business loans by nonbanks, as well as a bill expanding a voluntary program that aims to encourage consumer loans that are more borrower-friendly than many of the products available today.