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Texas just closed a HB 700 workaround
The OCCC's finalized rules for HB 700 (7 TAC §86.313, effective July 9) settled the two questions everyone in sales-based financing was asking.
Jul 22
State AGs Challenge Fintech Bank Acquisitions by OppFi and Enova
Twenty state AGs urged the OCC, FDIC, and Fed to block OppFi's and Enova's bank acquisitions. What the fight over fintech bank acquisitions means for SMB lending.
Jul 17
Vermont Commercial Financing Law: The One-Year Clock for MCA, RBF, and Factoring
Vermont's new commercial financing law (Act 142) puts MCA, RBF, and factoring under lender licensing by July 2027. What funders and ISOs must do now.
Jul 5
Texas Tightens Sales-Based Financing Rules Under HB 700
Texas HB 700 rules bring NMLS registration, stricter disclosures and debit limits to sales-based financing, impacting MCA and RBF providers.
Jul 1
Supreme Court Blocks Trump From Removing Fed Governor Lisa Cook
The Supreme Court blocked Trump from removing Fed Governor Lisa Cook, preserving a key line around Fed independence and monetary policy.
Jun 30
Guilt by Portfolio: Why a Senator Wants the SBA to Probe Lenders the USDA Just Barred
Sen. Joni Ernst wants the SBA to probe lenders that the USDA expelled. Inside the government-guaranteed lending crackdown, and the due-process questions.
Jun 13
When the Banks Get Fast: How AI Is Collapsing Small-Dollar SBA Loan Times
AI origination is cutting small-dollar SBA loan times from 90 days to 7. Casca now powers Live Oak, Huntington & Celtic, and the alt-finance speed moat narrows.
Jun 9
SBA Suspends 27,486 Ohio Borrowers Over $1.1B in Suspected PPP Fraud
SBA suspended 27,486 Ohio borrowers tied to $1.1B in suspected PPP and EIDL fraud as pandemic loan prosecutions continue.
Jun 6
Michigan Man Sentenced in PPP and COVID Rental Assistance Fraud Case
A Michigan man was sentenced to prison for PPP loan fraud and COVID rental assistance fraud, highlighting ongoing pandemic relief fraud enforcement.
Jun 1
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