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Increased regulation of commercial financing shows no signs of stopping. California SB 1482, which would require commercial financing providers and brokers to register with the...
In this post from 14 years ago, I speculated as to whether California Financial Code Section 1327 was constitutional. Two years later, the California Court of Appeal declared the...
While federal and state laws have long prohibited providers of financial services from engaging in unfair, deceptive, and abusive acts and practices (“UDAAP”), such prohibitions...
The big financial news on Friday was the failure of Silicon Valley Bank. According to the DFPI's order, an announcement of a capital raise by the bank triggered a run on the bank...
Failure of Silicon Valley Bank, according to DFPI's order, announcement of capital raise by bank triggered a run. DFPI appointed the Federal Deposit Insurance Corporation FDIC as receiver. DFPI took this action pursuant to California Financial Code Section 592.