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Attorney General Bonta: California Financing Disclosure Laws Are Not Preempted by Federal Law

OAKLAND California Attorney General Rob Bonta today submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) regarding the agency’s preliminary determination that the California Commercial Financing Disclosures Law (CFDL) is not preempted by the Federal Truth in Lending Act (TILA). CFDL was enacted in 2018 to help small businesses navigate a complicated

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