CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation CA Utah 78

PYMNTS

APRIL 25, 2017

Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. While the OCC thought the rule would elicit little backlash, it has actually prompted a ton of objections from different parties.

Fintech 109

Fintech Ohio Florida Oregon 109

CFPB Monitor

SEPTEMBER 10, 2020

As part of California’s recent triad of consumer financial services legislation, including AB-1864 , which creates the Department of Financial Protection and Innovation and the California Financial Protection Law, and AB-376 , which includes a new Student Loan Borrower Bill of Rights. To register, click here.

California 122

California Regulation Innovation Lending 122

PYMNTS

OCTOBER 31, 2016

Just a week ago, he said publicly that he’s now “gravely concerned” about banks wanting to limit access to their assets, like customer data, to innovators who, without it, have no way to ignite their own ideas and monetize them. Maxine Waters (D-CA), has thrown down the banks-need-to-be-broken-up gauntlet.

Regulation 100

Regulation Innovation Data Industry 100

Tomorrow's Transactions

JANUARY 23, 2017

Now what this passporting might mean is anyone’s guess, since this is just a newspaper story based on gossip, but I think it might be a little more complex to arrange than it seems at first because of the nature of banking regulation in the United States. This seems anachronistic. I don’t see any immediate problem that this solves.

Payments 30

Payments Regulation National New York 30

NCR

MARCH 15, 2016

In today’s world, banks base their lending on the most recent tax returns. How can a bank fund a business if its new treasurer had once been cited by regulators? When it comes to determining whether or not a bank should consider lending to a company, a CPA is the one of the most valuable resources. Conclusion. Bradford L.

Taxes 40

Taxes CA Lending Strategy 40