Charles Washburn

Jun 11, 2024 | mondaq.com | Scott Pearson |Charles Washburn |Eric Knight

Increased regulation of commercial financing shows no signs of stopping. California SB 1482, which would require commercial financing providers and brokers to register with the California Department of Financial Protection and Innovation (DFPI), recently passed the Senate 39–0 (with one abstention) and will move on to the Assembly.

Sep 12, 2023 | mondaq.com | Bryan Schneider |Scott Pearson |Charles Washburn |Mehul Madia

The Consumer Financial Protection Bureau's (CFPB or Bureau) Summer 2023 Supervisory Highlights, which discusses key examination findings between July 2022 and March 2023, underscores the Bureau's continuing aggressive interpretations of its authority.

Aug 22, 2023 | jdsupra.com | Eric Knight |Scott Pearson |Charles Washburn

After being the first state to impose disclosure requirements on small business finance transactions, California has now added an annual reporting requirement and subjected commercial finance companies to UDAAP claims.

Jun 16, 2023 | jdsupra.com | Eric Knight |Scott Pearson |Charles Washburn

U.S. states continue to consider and adopt statutes requiring TILA-like disclosures in connection with various types of commercial financing transactions. Most recently, Georgia passed a law, effective January 1, 2024, requiring financing providers to provide such disclosures, following the adoption of similar laws recently passed in California, New York, Utah and Virginia.

Jun 14, 2023 | mondaq.com | Scott Pearson |Charles Washburn |Eric Knight

U.S. states continue to consider and adopt statutes requiring TILA-like disclosures in connection with various types of commercial financing transactions. Most recently, Georgia passed a law, effective January 1, 2024, requiring financing providers to provide such disclosures, following the adoption of similar laws recently passed in California, New York, Utah and Virginia.