In a poll conducted by the Secured Finance Network (SFNet), since new CA disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold of less than $500,000. SFNet is an 80-year-old nonprofit with members representing the $4T U.S. secured finance industry.  The new law, requiring sweeping financial disclosures, introduced by CA State Senator Steven M. Glazer in 2018, faced four years of strong opposition before being rolled out in December of 2022.

At SFNet’s Asset-Based Capital Conference in Las Vegas this month, geopolitical analyst David Chmiel addressed how a Russian invasion of Ukraine could set off far-reaching geopolitical impacts and further accelerate China’s aggressive geopolitical plans. 

In a virtual fireside chat recorded Jan. 30 with questions posed by Business Editor Stuart Rock, founder of Devonia Road, Chmiel said China is certainly watching closely to see how unified the response to Russia’s escalation has been from Ukraine’s allies in Europe and North America.