State disclosure laws, 1071, litigation.
Created by Moneyline Editorial on January 5, 2024
Reminder that COJ enforcement in NY is effectively over for out-of-state merchants. If your collections playbook still leans on it, rewrite it.
Quick read on the California disclosure amendments: estimated APR must now appear on the first page of the offer summary, and brokers are explicitly in scope for the recordkeeping requirement. Effective Jan 1. Happy to answer questions here.