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California DFPI announces agreement with program manager of income share agreements

CFPB Monitor

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into “a landmark agreement” with Meratas, Inc., a company that acts as a program manager of Income Share Agreements (ISAs) used to finance postsecondary education and training.

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LevaData Supply Management Platform Nets Bain Endorsement

PYMNTS

California startup LevaData just got a big boost. 13) announced it has begun using San Jose-based firm’s supply chain management platform in its work with consulting clients. LevaData’s cognitive platform is delivering the future of supply management to sourcing and NPI teams,” said David Schannon, partner at Bain & Company.

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DFPI releases modified proposed California Consumer Financial Protection Law regulations addressing certain commercial transactions

CFPB Monitor

On February 24, 2023, the California Department of Financial Protection and Innovation (“DFPI”) released a Notice containing modifications to previously proposed regulations addressing the Consumer Financial Protection Law (“CFPL”). Continue Reading

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California DFPI issues proposed regulations for providers of commercial financing

CFPB Monitor

The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations implementing certain provisions of the state’s Consumer Financial Protection Law (CFPL). Comments must be submitted by August 8, 2022.

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Uber Readies Q3 Earnings As California Voters Give The Firm A Big Boost

PYMNTS

5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

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Amazon, Home Depot Eye Fulfillment Innovations As Same-Day Delivery Race Heats Up

PYMNTS

Sometimes innovation in the commerce and payments space is a matter of a new technology or a new process. And beyond this warehouse news, the eCommerce company is also experimenting with other – perhaps sexier – shipping innovations. That’s the story involving Amazon (and, it seems, The Home Depot as well).

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California DFPI issues final regulations implementing 2018 law requiring consumer-like disclosures for commercial financing

CFPB Monitor

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. .