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Pending Legislation Consumer Financial Products State and Local Government

Jones Day

New York Legislature Passes Bill Banning Rent Minimum Provisions in Real Estate Loan Documents

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On June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents....more

Ballard Spahr LLP

NYC Comptroller calls for strengthening city, state consumer protection laws, regulations

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Accusing the Trump Administration of “dismantling” the CFPB, New York City Comptroller Brad Lander is calling on city and state officials to fill the void by strengthening consumer protection laws and rules in the city and...more

Ballard Spahr LLP

NY legislature passes bills to extend coverage of plain language law and prohibit use of social network information for evaluating...

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Two bills relevant to consumer finance have been passed by the New York Assembly and Senate and are awaiting Governor Cuomo’s signature. The first bill, S3704, would amend New York’s plain language requirement to extend...more

Ballard Spahr LLP

Movement on two California bills implicating the California Financing Law

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There was movement last week on two California bills that we have been tracking closely and which could substantially alter the lending and brokering landscape under the California Financing Law (“CFL”)....more

Ballard Spahr LLP

CA on the verge of requiring commercial finance disclosures

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It appears likely that California Governor Jerry Brown will sign a bill passed on August 31 by the state’s Senate, Senate Bill 1235, which would create consumer-style disclosure requirements for certain commercial loans and...more

Ballard Spahr LLP

California on the Verge of Requiring Commercial Finance Disclosures

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It appears likely that California Governor Jerry Brown will sign a bill passed on August 31 by the state's Senate, Senate Bill 1235, which would create consumer-style disclosure requirements for certain commercial loans and...more

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