Commercial Lenders Brace for Consumer-Style Disclosures in California and Beyond
By Clinton R. Rockwell, Kathryn L. Ryan, Moorari K. Shah and Frida Alim
One year ago, California became the first state to require consumer-style disclosures similar to those required for consumer loans under federal laws. The requirements of Senate Bill 1235 signal a sea change likely to affect other states as well. This article, the first of two, explains the implications for the equipment leasing and finance industry.
Privacy Puzzle - Grappling with the Patchwork of New State-Specific Data Privacy Laws
By Andrew Baer and Matthew Klahre
Lessors conducting business in California must pay attention to the evolving and sometimes puzzling amendments to the California Consumer Protection Act. The act affects both business-to-business and business-to-consumer transactions. Several other states also are enacting laws that signify compliance challenges for national and international businesses.
Blockchain: Transforming Public Data for Improved Financial Success
By Raja Sengupta
Blockchain has the potential to help states establish and demonstrate transparency, speed up processing times, and cut operational costs related to commercial lending. That augers well for states vying to attract new businesses. Advances such as “smart UCCs” will benefit lenders, too. Where they can conduct due diligence easily, they will be more apt to do business.