CA Compliance Lending 
PYMNTS
JANUARY 3, 2020
In today’s top payments news, Apple’s share price hit a record high above $300 on Thursday, “buy now, pay later” company Sezzle was denied a lending license from California and a European Central Bank policymaker urged area banks to seek alternatives to Libra. CA Denies Lending License For BNPL Firm Sezzle.
South State Correspondent
JANUARY 16, 2024
Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. No additional reporting or regulatory compliance for the lender or the borrower. No ISDA documents. Virtually no ongoing or upfront costs.
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CFPB Monitor
APRIL 14, 2021
SB 1235, codified at CA Financial Code (Code) sections 22800-22805, requires a “provider,” meaning a person who extends a specific offer of “commercial financing” as defined in Code section 22800(d) to a recipient, to give the recipient certain disclosures at the time the provider extends the offer. Signature requirements.
PYMNTS
APRIL 25, 2017
The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices. In essence with the charter, the government could weed out the good FinTechs from the bad ones.
Independent Banker
JUNE 30, 2022
Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.
CFPB Monitor
DECEMBER 5, 2018
Types of commercial financing (The DBO asks for examples of transactions other than fixed-rate, fixed-payment financing that are subject to SB 1235 (noting such examples may include merchant cash advances and recourse and non-recourse factoring), anticipated compliance obstacles in such transactions, and how the DBO can address such obstacles.).
PYMNTS
MARCH 16, 2016
Adam Schiff (D-CA) and Steve Stivers (R-OH) and included the signatures of 329 lawmakers. “Where we can customize our rules to treat smaller institutions differently in light of their compliance burdens and the level of risk they pose, we have done so and will continue to do so,” he said last month.
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