Is there a future in Fintech Banks? On July 31st, the U.S. Treasury Department released a report that prompted the Office of the Comptroller of the Currency (OCC) to begin
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- Senators Marco Rubio, Sherrod Brown Renew Campaign to Ban COJs Nationwide April 15, 2021The Small Business Lending Fairness Act is back. Senators Marco Rubio and Sherrod Brown reintroduced a bill this week that failed to advance the two previous times it was introduced. One of cornerstone objectives is to outlaw confessions of judgment from being used in business loan transactions nationwide. “With this bill, we are taking another […]
- Governor Phil Murphy on Fintech in New Jersey April 14, 2021In a joint webinar between Choose New Jersey, FinTech Ireland, the New Jersey City University School of Business, and others, NJ Governor Phil Murphy kicked off the event by saying that his state’s object is nothing short of being the state of innovation, where new ventures can take shape, companies can expand, and people can […]
- Gregory J. Nowak, Partner at Troutman Pepper, Has Passed Away April 13, 2021Gregory J. Nowak, a partner at Troutman Pepper, passed away suddenly on April 11th at the age of 61. The firm’s website introduced Nowak as a veteran attorney that was “sought after for advice on complex securities law matters, particularly on issues arising out of the Investment Company Act of 1940; the Investment Advisers Act […]
- California’s Business Loan & MCA Disclosure Law Is Nearing Finality April 13, 2021Nearly three years after California became the first state to pass a business loan and merchant cash advance disclosure law (SB 1235), the actual disclosure rules themselves are finally nearing completion. The public has until April 26th to submit any comments on the amended portions of the proposed rules. The 52-page document is the result […]
- North Mill Restructures Working Capital Solution and Expands Customer Benefits April 12, 2021NORWALK, CT – North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor providing small-ticket financing through its network of referral agents, announced today that it has restructured its working capital solution to make it more competitive with other, less cost-effective options on the market. The financing arrangement, called “Cash Out,” allows […]