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Newsom signed AB 2116 — DFPI licenses required for MCA, factoring & commercial finance by July 2028. Plus: search 441 state registrations in our new member database.

Newsom Signs AB 2116: California Will License Commercial Finance — Here's Who's Already on a State Registry

Newsom signed AB 2116: DFPI licenses required for MCA, factoring & commercial finance by July 2028. Plus: search 441 state registrations in our new member database.

Sep 30

California AB 2116 Clears Legislature, Setting Up Licensing for Commercial Finance Providers and Brokers

California AB 2116 has cleared the Legislature and could require commercial finance providers and brokers to obtain DFPI licenses beginning in 2028.

Aug 24

Debt Collection: Understanding California’s Proposed Expansion of the RFDCPA

This means small business financing providers who service and collect their own transactions would be subject to the new regulations.

Sep 1, 2024

California SB 1482: What Commercial Finance Providers Need to Know

Senate Bill 1482 sailed through the Senate with a unanimous vote (talk about bipartisanship!), and it's now headed to the Assembly. This...

Jun 8, 2024

California Launches Loan Match to Connect Small Businesses with Trusted Lenders

The state has launched a new tool called the "California Small Business Loan Match"

Apr 27, 2024

Are You Ready for These New Laws Jan 1, 2024?

Georgia and Florida brokers will be banned from charging an 'advance fee' before successfully obtaining financing for a merchant.

Dec 22, 2023