As an update, the Office of the Comptroller of Currency (“OCC”) had proposed a special purpose charter process (“fintech Charter”) for “fintech” or nonbank lenders in 2016. While fintech lenders were evaluating this licensing opportunity, lawsuits were filed, including one filed by the New York Department of Financial Services (“NYDFS”). The complaint alleged, certain […]
Continue reading →I have been getting calls about sexual harassment training so I thought I would post a short reminder of the statutes and requirements in California. California Government Code Section 12950.1 requires that employers train all supervisory employees in sexual harassment and abusive conduct prevention every two (2) years. If an employee is promoted to a […]
Continue reading →Lately, there has been a vocal conversation about women’s’ workplace issues, including, but not limited to, sexual harassment, equality in compensation, work-life balance and advancement in the leadership structure. Large law firm practice is still difficult for women, especially when they are raising families, as the traditional financial and leadership models make it difficult for […]
Continue reading →LLCs now can file their Statements of Information online with the California Secretary of State. You can also request to a pdf copy of the filed Statement of Information by email. Effective January 1, 2018, California Corporations Code Section 2000(a) will provide that it is acceptable that the “contrary provision in the articles” be […]
Continue reading →Volunteering Legal Advice Aiding Texas Hurricane Victims My firm signed up with the American Bar Association relief effort to assist victims of Hurricane Harvey with question relating to missed mortgage payments and relief from foreclosure and other servicer remedies. We are working with the Texas Bar Association to support the Texas Bar in this time […]
Continue reading →I am writing a book for the entrepreneur on seven (7) legal principles for owning and acquiring a business. The second chapter explores entity structuring when you start a business and/or acquire assets (or stock) for a growth strategy. So, why do we want to own a business in a legal structure such as a […]
Continue reading →A compliance bulletin discussing fees charged to consumers to pay-by-phone (“Bulletin dated July 31, 2017”) was published by The Consumer Financial Protection Bureau (the “CFPB”), The CFPB stated that these fees may amount to unfair, deceptive or abusive acts or practices known as “UDAAP”. UDAAP practices are prohibited by federal law under 12 USC 5531 […]
Continue reading →On July 10, 2017, the Consumer Financial Protection Bureau (CFPB) issued a final rule prohibiting class action waivers in predispute arbitration clauses contained in covered consumer financial services agreements. The four primary provisions of the final rule are as follows: Under the final rule, a “predispute arbitration agreement” is defined as: “an agreement between a […]
Continue reading →I am working on a book that every business owner will want to have on the shelf! The topic relates to the legal strategies I have helped clients initiate to launch and/or grow a successful business. My passion has always been a concern for access to credit for the small, emerging and growth business. Recently, […]
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