Charles Washburn Jr.

Oct 4, 2024 | jdsupra.com | Eric Knight |Scott Pearson |Charles Washburn Jr.

Continuing a nationwide trend towards increased regulation of commercial financing, Governor Newsom has signed into law a bill extending the reach of California’s Rosenthal Fair Debt Collection Practices Act (the “Act”) to covered commercial debt (“SB 1286”). The requirements would apply to any debt entered into, renewed, sold, or assigned on or after July 1, 2025. The Act prohibits debt collectors from engaging in certain unfair or deceptive acts or practices in the collection of consumer debts.

Jun 6, 2024 | jdsupra.com | Eric Knight |Scott Pearson |Charles Washburn Jr.

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.

Oct 2, 2023 | law360.co.uk | Scott Pearson |Eric Knight |Charles Washburn Jr.

ADVERTISEMENT Don't want ads? Subscribe or login now. By Scott Pearson, Eric Knight and Charles Washburn Jr. (October 2, 2023, 4:50 PM EDT) -- Regulatory scrutiny on the commercial financing industry is increasing.... A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.