California SB 1482, which would require commercial financing providers and brokers to register with the California Department of Financial Protection and Innovation (DFPI), recently passed the Senate. The law would require providers and brokers of certain commercial financing products that are not currently covered by California’s existing lender licensing regime, including merchant cash advances, factoring, and lease financing, to register with DFPI. Scott Pearson, Charles Washburn and Eric Knight provide more insight here:
Manatt, Phelps & Phillips, LLP
Law Practice
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http://www.manatt.com
External link for Manatt, Phelps & Phillips, LLP
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- Law Practice
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- Los Angeles, California
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- 1965
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Updates
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Manatt was recognized at the 2024 Safe Haven Awards for our work on behalf of #LGBTQIA+ asylum seekers. We are honored to work with #probono partners such as Immigration Equality to advance justice for people who are persecuted for their sexual orientation, gender identity or HIV status. Learn more: https://lnkd.in/e9GdyC6N
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The #SEC recently adopted amendments to Regulation S-P (the “Data Privacy Amendments”), which were published in the Federal Register on June 3, 2024, starting the clock for covered entities to become compliant. The Data Privacy Amendments include a number of changes, including with respect to a written incident response program, client notifications and certain other changes. Brandon Reilly, Brian Korn, Bernhard Alvine and Paul Luehr discuss these new changes here:
New SEC Data Breach Rules for Investment Advisers, Broker Dealers and Investment Companies
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Manatt's Dylan Carson was quoted in Corporate Counsel on how government enforcers are probing into communications between competitors to detect potential corporate #antitrust crimes. Read more here:
Carson Quoted in Corporate Counsel on Government’s Probe Into Competitor Communications
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After many iterations over the years attempting to regulate the #cryptocurrency space, the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act. This legislation marks a considerable milestone in establishing a U.S. regulatory framework for the digital asset market, and compared to prior years’ bipartisan and bicameral attempts, shows the most promise of becoming law. Brian Korn and Tia Thevenin explain why this bill matters here:
House Passes Cryptocurrency Bill Promising Regulatory Clarity
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Manatt's Jeffrey Edelstein wrote a Law360 article about the informal hearing for the #FTC's proposed trade regulation rule, which would prohibit creating, obtaining or selling fake customer reviews. To read more, click here:
FTC Hearing on Fake Review Rule Stressed Compliance Costs
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Congratulations to Manatt's Lisa W. Rosaya for being ranked as a Trade Mark Star in New York and the U.S. on Managing IP's 2024 IP Stars list! Learn more:
Rosaya Ranked on Managing IP’s 2024 IP Stars as Trade Mark Star
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Manatt's Dylan Carson was quoted in FundFire on the federal government's increased antitrust enforcement activity. To learn more, click here:
Carson Quoted in Fund Fire on Increased Antitrust Enforcement Activity
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Manatt's Paul Luehr was quoted in Law360 on Colorado's recently enacted #artificialintelligence law aimed to protect consumers from potential algorithmic discrimination by companies utilizing AI systems. To learn more, click here:
Luehr Quoted in Law360 on Colorado’s Law Protecting Consumers From AI Discrimination
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A Manatt #probono team successfully obtained legal permanent residence status for a former employee of the United States Embassy in Afghanistan and his family. The team consisted of Manatt's Bryan Schneider, Russell Potter, Sirena Castillo and Alexandra McCown. Learn more: https://lnkd.in/e68GKyY3