California Senator Dave Min has authored an unfortunately numbered bill, SB 666, that would prohibit a "covered entity" from charging the following fees to a small business in connection with a commercial financing transaction:
Bill Would Prohibit Charging Certain Commercial Loan Fees To Small Businesses
Posted on April 14, 2023
Judge Rules CFL Applies To Cryptocurrency Lending
Posted on October 20, 2022
The California Financing Law prohibits any person from engaging in the business of a "finance lender" without a license from the Department of Financial Protection & Innovation. Cal. Fin. Code § 22100(a). The CFL provides that a "'finance lender' ...
Court Of Appeal Finds Mortgage Servicer To Be A Debt Collector
Posted on March 14, 2018
Rosenthal Fair Debt collection Practices Act defines a "debt collector" as "any person who, in the ordinary course of business, regularly, on behalf of himself or herself or others, engaged in debt collection". Cal. Civ. Code § 1788.2(c). "Debt...
Another Foolish Inconsistency - This Time For Broker-Dealers
Posted on December 08, 2017
Yesterday's post chided Glass, Lewis & Co., LLC for its inconsistent positions on majority rule. Today's post tackles a foolish inconsistency in the California Codes. Section 25217(c) of the California Corporations Code provides:
