News & Analysis as of August 16, 2025

Banks › State Budgets

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California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

Pillsbury Winthrop Shaw Pittman LLP on 5/29/2025

The proposal includes a shift to a single-sales-factor apportionment formula for financial institutions, aiming to increase tax revenue starting in tax year 2025. Update: On May 14, 2025, Governor Newsom released the May...more

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

Pillsbury Winthrop Shaw Pittman LLP on 2/18/2025

The proposal includes a shift to a single-sales-factor apportionment for financial institutions, aiming to increase tax revenue starting in tax year 2025....more

New York FY 2024 budget proposes to end unfair overdraft practices

Orrick, Herrington & Sutcliffe LLP on 2/8/2023

On February 1, the New York governor released the state’s FY 2024 budget proposal, which includes measures for ending certain bank overdraft and insufficient fee practices. ...more

Watch Out for California – State Stepping Up Fintech and Lending Regulatory Enforcement

Morgan Lewis on 3/5/2020

A recent legal conference in Washington, DC, highlighted newly proposed and ongoing regulatory changes in California concerning consumer and commercial lending. ...more

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Banks › State Budgets

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

New York FY 2024 budget proposes to end unfair overdraft practices

Watch Out for California – State Stepping Up Fintech and Lending Regulatory Enforcement

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