Merchant cash advance small business alert – Are you a business owner who might have been misled or kept in the dark about the terms of a merchant cash advance (MCA) or other commercial financing product? If so, we want to hear from you.
Vanguard multi-state settlement – We joined 49 states and the U.S. Virgin Islands, Puerto Rico, and Guam in a $106 million settlement with Vanguard Marketing Corp. and The Vanguard Group, Inc. for failing to supervise certain registered persons and disclose potential tax consequences to investors.
DFPI protections for small businesses upheld by Ninth Circuit Court of Appeals – On April 15, the U.S. Court of Appeals for the Ninth Circuit ruled in favor of DFPI’s protections for small businesses. The ruling requires finance lenders and brokers to disclose key financing terms to small businesses to help them choose financing that provides the best value for their needs.
DFPI seeks answers from the CFPB over Prehired restitution delays – We sent a letter with leaders from eleven states pressing the Consumer Financial Protection Bureau (CFPB) to issue long-delayed restitution to victims of a predatory tech sales program.
Crypto investment imposter posing as DFPI – We posted a scam alert concerning a crypto investment scammer claiming to be from “CDFI,” using deceptive email addresses to closely mimic the DFPI.
