Once hailed as the sleek, interest-free alternative to credit cards, buy-now-pay-later (BNPL) loans have become a defining feature of modern consumer finance. Consumers like them because with just a few clicks, they can...more
7/10/2025
/ Biden Administration ,
Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Consumer Protection Laws ,
Financial Services Industry ,
FinTech ,
Lenders ,
Licensing Rules ,
New Legislation ,
Penalties ,
Regulatory Requirements ,
Trump Administration ,
Truth in Lending Act (TILA)
New Jersey Gov. Phil Murphy on Aug. 18, 2023, signed into law a bill that limits the surcharges that merchants may charge their customers who choose to pay for goods or services using a credit card and requires disclosure of...more
If you are a nonbank finance company that makes commercial loans of $2.5 million or less in New York or represent such a company, this Holland & Knight alert is for you. There has been a growing concern expressed over the...more
3/8/2023
/ Commercial Loans ,
Corporate Financing ,
Disclosure Requirements ,
Final Rules ,
Financial Services Industry ,
Financing ,
New Legislation ,
Nonbank Firms ,
NYDFS ,
Small Business ,
Small Business Loans
New York enacted a new law on Nov. 1, 2021, extending the requirements in the state's analog to the federal Community Reinvestment Act (CRA Requirements) to New York-licensed mortgage bankers, thereby becoming the third state...more
Pennsylvania Gov. Tom Wolf signed into law House Bill No. 2370 (Act 97) on Oct. 29, 2020, permanently and immediately authorizing Pennsylvania notaries to conduct remote online notarizations (RONs) – notarizations conducted...more
Notwithstanding a pandemic-induced winnowing of legislative priorities this year, California has passed a handful of new bills to regulate discrete areas of the financial services industry, including student loan servicing,...more
9/25/2020
/ Administrative Authority ,
CARES Act ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Debt Collectors ,
FDCPA ,
Financial Services Industry ,
Forbearance Agreements ,
Governor Newsom ,
Loan Servicer ,
Moratorium ,
Mortgages ,
New Legislation ,
Ombudsman ,
Relief Measures ,
Rent ,
Rental Property ,
Rulemaking Process ,
State and Local Government ,
Student Loans
Pennsylvania has enacted House Bill (HB) 318,1 which expands and extends the protections given to Pennsylvania residential and wireless telephone subscribers by the 1996 Telemarketer Registration Act (TRA) in connection with...more
New Jersey has enacted a law, P.L. 2019, c. 200 (Act), that is designed to assist potential and existing student loan borrowers in understanding and managing their student loans. Briefly, the Act: 1) authorizes the New Jersey...more
• Legislative initiatives are being undertaken in New Jersey and Pennsylvania to join the growing list of states that have authorized the use of remote online notarizations (remote e-notarizations) by state-commissioned...more