CA DFPI issues modifications to proposed regulations to implement 2018 law requiring consumer-like disclosures for commercial financing
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.
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