Assemblywoman Schiavo Highlights New Law Protecting Small Businesses From Predatory Financing Assemblywoman Schiavo Highlights New Law Protecting Small Businesses From Predatory Financing
Assemblywoman Schiavo Highlights New Law Protecting Small Businesses From Predatory Financing
Assemblywoman Schiavo Highlights New Law Protecting Small Businesses From Predatory Financing
Source: KHTS Hometown Station
Date: 10/15/2026 3:34pm
Article Summary:
California Law Expands Oversight of Commercial Lenders to Protect Small Businesses from Predatory Financing
Gov. Gavin Newsom signed Assembly Bill 2116, which expands California oversight of commercial financing providers and brokers to improve transparency and curb predatory practices affecting small businesses. Assemblywoman Pilar Schiavo and local business representatives said the law is intended to preserve access to funding while making financing terms clearer; expanded oversight begins in 2028, with licensing requirements starting that July.
Read article here »
Date: 10/15/2026 3:34pm
Article Summary:
California Law Expands Oversight of Commercial Lenders to Protect Small Businesses from Predatory Financing
Gov. Gavin Newsom signed Assembly Bill 2116, which expands California oversight of commercial financing providers and brokers to improve transparency and curb predatory practices affecting small businesses. Assemblywoman Pilar Schiavo and local business representatives said the law is intended to preserve access to funding while making financing terms clearer; expanded oversight begins in 2028, with licensing requirements starting that July.
Read article here »