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Nov 1, 2024 | 
mondaq.com | Krista Cooley |Francis L. Doorley |Jeffrey Taft |Daniel Pearson
Legislation signed into law by California Governor Gavin Newsom
on September 24, 2024 will subject commercial debt collectors to
new compliance requirements starting in 2025. California Senate Bill 1286 extends the reach
of the state's Rosenthal Fair Debt Collection Practices Act
(the "Rosenthal Act"), California's primary law
regulating debt collection practices, to also cover certain small
business or commercial debts in addition to consumer debts.
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Sep 16, 2024 | 
jdsupra.com | Daniel Pearson |Jeffrey Taft
Missouri has enacted the nation’s ninth state commercial finance disclosure law, regulating the providers and brokers of certain commercial financing transactions. Signed by Governor Mike Parson on July 11, 2024, Missouri Senate Bill 1359 enacted the Missouri Commercial Financing Disclosure Law (the “Law”), imposing disclosure and registration requirements for providers and brokers, respectively, of qualifying commercial financing.
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Dec 11, 2023 | 
law360.com | Andrew Olmem |Daniel Pearson |Jeff Taft
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Nov 20, 2023 | 
mondaq.com | Andrew Olmem |Jeffrey Taft |Daniel Pearson
On November 7, 2023, the Federal Housing Finance Agency
("FHFA") released its much-anticipated report "FHLBank System at 100: Focusing on the
Future" (the "Report"), containing the results
of the FHFA's year-long comprehensive review of the Federal
Home Loan Bank System ("FLHB System") and a series of
proposed regulatory and legislative reforms.
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Nov 15, 2023 | 
drudge-report.net | Andrew Olmem |Jeffrey Taft |Daniel Pearson
On November 7, 2023, the Federal Housing Finance Agency proposed a series of significant regulatory and legislative reforms for the Federal Home Loan Bank System in a much-anticipated report, “FHLBank System at 100: Focusing on the Future”, containing the results of a year-long comprehensive review of the FLHB System. This Legal Update provides an overview of the report and its most noteworthy legislative and regulatory recommendations.
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Nov 15, 2023 | 
lexblog.com | Andrew Olmem |Jeffrey Taft |Daniel Pearson
Jeffrey Taft is a partner in the Firm’s Financial Services Regulatory & Enforcement group and the Cybersecurity and Data Privacy practice. His practice focuses primarily on bank regulation, bank receivership and insolvency issues, payment systems, consumer financial services and cybersecurity/privacy issues. He has…Jeffrey Taft is a partner in the Firm’s Financial Services Regulatory & Enforcement group and the Cybersecurity and Data Privacy practice.
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Nov 8, 2023 | 
mondaq.com | Krista Cooley |Jeffrey Taft |Daniel Pearson
Mere days before Halloween, California enacted California Senate Bill 666, imposing a set of
restrictions on the fees that commercial financers may charge their
small business customers. Signed by the governor on October 13, the
legislation marks an escalation of the state's regulation of
commercial financing.
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Nov 6, 2023 | 
lexblog.com | Krista Cooley |Jeffrey Taft |Daniel Pearson
Mere days before Halloween, California enacted California Senate Bill 666, imposing a set of restrictions on the fees that commercial financers may charge their small business customers. Signed by the governor on October 13, the legislation marks an escalation of the state’s regulation of commercial financing.
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Nov 3, 2023 | 
jdsupra.com | Krista Cooley |Daniel Pearson |Jeffrey Taft
Mere days before Halloween, California enacted California Senate Bill 666, imposing a set of restrictions on the fees that commercial financers may charge their small business customers. Signed by the governor on October 13, the legislation marks an escalation of the state’s regulation of commercial financing.
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Nov 2, 2023 | 
lexblog.com | Krista Cooley |Jeffrey Taft |Daniel Pearson
Mere days before Halloween, California enacted California Senate Bill 666, imposing a set of restrictions on the fees that commercial financers may charge their small business customers. SB 666 closely follows an August 2023 rulemaking by the California Department of Financial Protection and Innovation targeting unfair, deceptive, or abusive acts or practices (“UDAAPs”) in commercial financing and requiring commercial financers to submit annual reports of their activities to the state.
