- Citizens Advises Ellipse Eye Group in Its Sale to ReFocus Eye Health
- KBRA DLD Report: Direct Lending Defaults Low; Sponsored at 1.5%, Non-Sponsored at 3.5%
- Cambridge Wilkinson spins out BCB Equity Partners, an Independent Private Equity Firm
- Confidence in Asset-Based Lending Holds Steady
- SFNet Creates the SFNet Guide to the New York Commercial Finance Disclosure Laws and Regulations
NY State Issues Draft Regulations for Financial Disclosure Law
September 22, 2021
Source: Secured Finance Network
The NY State Department of Financial Services has issued proposed regulations for the state’s commercial finance disclosure law (link: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202109211). SFNet’s Advocacy Committee has been working with DFS on this issue since early 2021 and has provided detailed rationale for our issues with the law. SFNet is disappointed with this initial pass and expects to meet with DFS shortly in order to reinforce our critical positions.
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