§ 330 Banking Authority Delegation

• •The boss of banks in California gave some of their power to the commissioner.
• •This means the commissioner can now do some of the things the boss of banks used to do.
• •This change happened in 2012.

Imagine the principal of a school gives some of their duties to the vice principal.

Just like the vice principal can now do some of the principal's jobs, the commissioner can now do some of the boss of banks' jobs.