News
Friday, September 11
the rulebook
Regulatory
State disclosure laws, federal rules and the enforcement docket.
FTC Proposes Federal Disclosure Standards for Commercial Financing Products
The Federal Trade Commission has published a proposed rule that would create nationwide disclosure requirements for MCA providers, potentially superseding the patchwork of state-level regulations.
New York AG Launches Investigation Into MCA Collection Practices
Attorney General Letitia James's office has opened a formal investigation into aggressive collection tactics used by at least five MCA providers operating in New York state.
Senate Banking Committee Schedules Hearing on Small Business Lending Practices
The hearing, set for March 15, will examine the role of MCA and alternative financing in the small business credit market, with testimony from industry leaders and consumer advocates.
Broker Compliance Alert: Three States Update MCA Registration Requirements
Ohio, Georgia, and Colorado have all modified their commercial financing registration requirements effective April 1, 2026. Here's what brokers need to know.
California SB-1247: New MCA Disclosure Requirements Explained — What Funders and Brokers Need to Know in 2026
Governor Newsom signs SB-1247 into law, mandating standardized APR disclosures, cooling-off periods, and compliance frameworks for all merchant cash advance providers operating in California. Here's what changes and when.
Virginia Becomes Sixth State to Mandate MCA Provider Licensing
Governor's signature on HB-442 means MCA providers must obtain a commercial financing license to operate in Virginia, with enforcement beginning July 1, 2026.
Broker Alert: IRS Extends Deadline for 1099 Reporting on Commission Income
The IRS has extended the deadline for reporting MCA broker commission income to April 30, 2026, giving ISOs and independent brokers additional time to comply.
Colorado Fines Three MCA Providers for Operating Without Proper Registration
The Colorado Attorney General's office has issued fines totaling $340,000 against three MCA providers for failing to register under the state's updated commercial financing laws.
Utah Proposes Cap on MCA Factor Rates — Industry Pushback Expected
A proposed Utah bill would cap factor rates at 1.49 for advances under $100K, a move that could make the state unprofitable for many funders and trigger industry opposition.
Regulatory trackerstate by state
Regulatory desk3 measures on the books · 4 pending or proposed · maintained by the regulatory desk