Daily Business Report: Monday, February 2
Sacramento Report: The Rare Dem ‘No’
By Nadia Lathan | Voice of San Diego
On Monday, the Encinitas lawmaker joined a handful of Senate Democrats and Republicans to oppose a bill related to a controversial housing law that passed last year.
The bill would add minor tweaks to Senate Bill 79, a landmark housing mandate the governor signed into law that makes it easier to build apartments near major transit stations. Narrowly passing the Senate, Senate Bill 677 resurfaced an intra-party tension between Democrats skeptical of developers and those all-in on the pro-housing YIMBY movement and slashing local zoning laws.
The new proposal changes the definitions of commuter rail and high frequency commuter rail so that more cities are subject to the law.
Matt Mahan’s campaign for California governor will be a voter litmus test
By Dan Walters | CalMatters
With the not-unexpected entry of San Jose Mayor Matt Mahan, the large field of candidates to succeed Gov. Gavin Newsom is probably complete — and could very well shrink again.
The run-up to this moment has been the oddest gubernatorial election process in modern history with potential candidates serially dropping in and dropping out. Until Mahan’s announcement on Thursday, there were eight other Democrats — not counting the obscure vanity runners — and two Republicans in contention.
With the array now likely fixed and no shadow candidates of note remaining, things will begin to sort themselves out. Polling will become more precise, political financiers will make their commitments and those stuck at the bottom in polls and money will find other ways to exist. They may not drop out before June’s top-two primary, but will find themselves ignored by donors and the media.
SDCCU Named to Newsweek’s America’s Best Regional Banks & Credit Unions 2026
By SDCCU
San Diego County Credit Union® (SDCCU®), one of Southern California’s largest locally-owned financial institutions, has been recognized as one of America’s Best Regional Credit Unions 2026 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized companies that are committed to powering local economies by supporting small businesses, financing community projects, and providing reliable access to everyday banking services.
America’s Best Regional Banks and Credit Unions 2026 recognizes regional banks and credit unions in the United States. SDCCU was rated a five-star credit union in the survey due to the quality of its service and products. The star ranking is based on a comprehensive research study that incorporates in-depth desk research, a large-scale nationwide survey, and millions of online reviews to identify the 500 best regional banks and 500 best credit unions in the country.
“More than financial service providers, credit unions are community partners, showing up in neighborhoods, participating in local initiatives, and helping strengthen the connections that bind their members together,” said Newsweek Editor-in-Chief Jennifer Cunningham.
“SDCCU is extremely proud to be named as one of America’s Best Regional Banks & Credit Unions for 2026. Our focus on the community and commitment to delivering excellent products and exceptional service has always been a guiding principle,” said SDCCU President and CEO Teresa Campbell. “We are honored to be recognized and receive a five-star rating by this prestigious publication.”
Visit sdccu.com or any of their convenient Southern California branch locations to learn more about SDCCU’s breakthrough banking products and services, including financial education.
SDCCU is one of the nation’s top credit unions and was named one of America’s Best Regional Credit Unions in 2026 by Newsweek, ranked a top credit union in California in 2025 by Forbes, and voted San Diego’s BEST Credit Union for 2025 in The San Diego’s Union-Tribune Readers Poll. SDCCU proudly serves the financial needs of customers in Southern California counties, including Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara and Ventura. SDCCU has more than 413,000 customers and 30,000 surcharge-FREE ATMs. SDCCU provides breakthrough banking products that meet the demands of today’s lifestyle and delivers banking services that save customers money. SDCCU is leading the way, offering FREE Checking with eStatements, SDCCU mobile banking, mortgage loans, auto loans, Visa® credit cards and business banking services. Federally insured by NCUA. Membership required. Equal Housing Opportunity. NMLS #580585. For more information, visit www.sdccu.com.
