Thomas Pinney

Thomas Pinney

White and Williams LLP

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New York State Enacts Small Business Truth in Lending Law

On December 23, 2020, New York Governor Andrew Cuomo signed into law Senate Bill S5470B (Small Business Truth in Lending Law), which imposes new requirements on certain providers of commercial financing. Aimed at protecting...more

1/13/2021  /  Annual Percentage Rate (APR) , Disclosure Requirements , Federal Trade Commission (FTC) , Fees , Governor Cuomo , Merchant Cash Advance (MCA) , NYDFS , Small Business
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