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The Date Is Set: CA DFPI Adopts Final Commercial Financing Disclosure Rules and Announces Effective Date

USA - June 15 2022 After an almost two-year regulatory process, the California Department of Financial Protection and Innovation (DFPI) adopted final administrative…

Krista Cooley, Francis L. Doorley, Steven M. Kaplan, Jeffrey P. Taft

Commercial Financing Disclosures Coming to a State Near You

USA - May 19 2022 Four states—and counting—have enacted laws requiring providers of a wide range of commercial financing to give applicants detailed disclosures of the…

Krista Cooley, Francis L. Doorley, Jeffrey P. Taft

This Time It’s Forever: California Poised to Reinstate One-Loan Exemption

USA - April 22 2022 The California State Legislature provided commercial lenders with welcome news this week when the California Senate passed Senate Bill 577 (“SB 577”)…

Krista Cooley, Francis L. Doorley, Jonathan D. Jaffe, Steven M. Kaplan, Jeffrey P. Taft

Recent Student Loan Licensing Developments: Kentucky to License Student Loan Servicers, Virginia Narrows Scope of Existing Law

USA - April 20 2022 Earlier this month, both Kentucky and Virginia enacted significant legislation related to student loan servicing. Kentucky joined the ever-growing…

James C.Williams, Krista Cooley, Tori K. Shinohara

Virginia Enacts Merchant Cash Advance Registration and Disclosure Law

USA - April 13 2022 On April 11, 2022, Virginia became the second US state to require providers of merchant cash advance (“MCA”) products to obtain a state regulatory…

Krista Cooley, Francis L. Doorley, Jeffrey P. Taft