California Capital Lending Regulation 
PYMNTS
JULY 29, 2019
Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state.
PYMNTS
DECEMBER 30, 2019
30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. On Deck Capital is a rare exception, with the publicly-traded firm charging between 9 and 98.3
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PYMNTS
JULY 20, 2018
California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. According to the article’s authors, Thomas R. McMorrow and Charles E. Washburn, Jr.,
PYMNTS
AUGUST 25, 2016
The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. A Regional Reach.
PYMNTS
DECEMBER 10, 2016
Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?
Abrigo
SEPTEMBER 5, 2023
unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. It just stays on forever. A guarantee generally should be unlimited and continuing.
Independent Banker
JULY 31, 2022
Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. Location: Fort Lauderdale, Fla. That’s no small feat for any de novo, especially during a pandemic.
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