Loans, Financing, Banking Sector

The New Face of Finance Companies: What Changes with CMN Resolution No. 5,237/2025

Mayer Brown on 8/12/2025

In one of the most relevant regulatory developments in years, the Brazilian National Monetary Council (“CMN”) issued Resolution No. 5,237, dated July 24, 2025 (“CMN Resolution 5,237/25”), establishing a new regulatory...more

Revenue Purchase or Predatory Loan? New York Attorney General Targets Merchant Cash Advance Providers

Wilson Sonsini Goodrich & Rosati on 3/26/2024

On March 5, 2024, the New York Attorney General (AG) Letitia James sued Yellowstone Capital LLC (Yellowstone) and various affiliates, accusing them of running a predatory lending operation by disguising the loans as purchases...more

SEC Issues No-Action Relief On Registered Funds’ Custody Of Loan Interests

Goodwin on 2/15/2021

In this Issue. The U.S. Securities and Exchange Commission (SEC) was very active this week, having (i) issued no-action relief allowing registered funds to engage in self-custody of interests in loans that are originated,...more

UK ‘Future Fund’ Update

Goodwin on 5/21/2020

The British Business Bank has opened the application process for the Future Fund, a new fund that provides financing to UK start-ups and scale-ups in the form of a convertible loan which is invested directly by the UK...more

California Makes Changes to the Finance Lenders Law

Ballard Spahr LLP on 10/16/2017

Recently, several changes were made to the California Finance Lenders Law with various effective dates. Effective immediately, the California Finance Lenders Law has been renamed the "California Financing Law."...more

CFPB enters into consent order with company charged with deceptive health care credit enrollment practices

Ballard Spahr LLP on 8/21/2015

The CFPB has entered into a consent order with Springstone Financial, LLC to settle charges that the company was responsible for alleged deceptive and misleading acts and practices in connection with enrolling consumers in a...more