Lenders or loan brokers based in California or lending to either commercial or consumer borrowers based in California are subject to the California Financing Law (CFL), which imposes licensing requirements on both lenders or...more
8/6/2025
/ California ,
Commercial Loans ,
Compliance ,
Consumer Lenders ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement ,
Exemptions ,
Finance Lender ,
Jurisdiction ,
Lenders ,
Licenses ,
Licensing Rules ,
Loans ,
Non-Bank Lenders ,
Regulatory Oversight ,
Regulatory Requirements
On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) issued final “statements of policy” for transactions subject to the Bank Merger Act (“BMA”)....more
Recent legislation, H.R. 815, the National Security Supplemental (“the Act”) – further explained by guidance issued by the U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) on July 22, 2024 – has...more
7/25/2024
/ Cybersecurity ,
Economic Sanctions ,
Enforcement ,
EU ,
Export Controls ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Statute of Limitations ,
Trading with the Enemy Act ,
U.S. Treasury ,
UK ,
US Department of State
The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) recently issued a proposed rule that would prohibit financial institutions from charging nonsufficient funds (“NSF”) fees on instantaneously declined transactions....more