(As first published in Leasing News) On June 7, 2023, the Connecticut State Legislature passed an Act Requiring Certain Financing Disclosures, Senate Bill No. 1032 (“Law”). The Law (click to view) was signed by the governor and will go into effect on July 1, 2024....
As first published in Leasing News on 6.30.23: For the fifth year in a row this February, a bill was introduced in the New York State Assembly with the intent of putting vehicle brokers and independent leasing companies out of business. Over the last 5 years, various...
As first published in Leasing News on 5/23/2023: On May 4, 2023, the Florida State Legislature enacted the Florida Commercial Financing Disclosure Law (“Law”). The Law will go into effect on July 1, 2023 if signed by the Governor of Florida. As stated in my prior...
On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) issued the final rule to implement Section 1071 of the Dodd-Frank Act. This provision amends the Equal Credit Opportunity Act to bolster fair lending protections for minority owned small businesses...
Last spring, we reported on proposed legislation in New York that will require all motor vehicle lessors to obtain a dealer’s license in order to legally lease vehicles in the State of New York. While this legislation does not have the headline appeal of mask...
