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.

Regulatory

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.

8 min read