Assembly Bill 2927 was signed into law by Governor Gavin Newsom on June 29, 2024, which requires a semester-long personal finance education course to graduate.
The proposed new law requires high schools, including charter schools, to offer the course by the 2027-28 school year and make it a graduation requirement by 2030-31. AB 2927 is an urgency statute taking effect immediately.
The California Credit Union League, which has long advocated for increased financial literacy in schools, supported AB 2927. The League’s recently posted compliance bulletin details the new course requirements and implementation details outlined in the bill.
Over the next few years, as California works to implement AB 2927, the League will continue collaborating with industry stakeholders and providing updates. This will allow credit unions to evaluate and, if necessary, develop their existing financial education programs to integrate with the new personal finance course required for high school graduation.
Access the ‘Compliance Hotline’
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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