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In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans less than $10,000 but more than $2,500 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. [read post]
18 May 2022, 2:45 pm by David Freeman Engstrom
But we are seeing some interesting models from larger-scale entities: LegalZoom is an Arizona ABS, and Rocket Lawyer is in the Utah sandbox. [read post]
18 May 2022, 12:50 pm by Greg Lambert
When three legal innovators gather together in their town of Houston, the topic drifts toward the interesting innovation and creativity hubs happening around the city. [read post]
17 May 2022, 4:15 am by David Lynn
The decision states: As to the claimed interest that S.B. 826 was passed to remedy discrimination, defendant has not met its burden to show that this is necessary nor narrowly tailored. [read post]
15 May 2022, 4:48 pm by INFORRM
On 11 May 2022, judgment was handed down in the case of (1) Kumlin (2) EEW Eco Energy World plc v (1) Jonsson (2) Agerman (3) Östlund (4) Realtid Media AB [2022] EWHC 1095 (QB). [read post]
11 May 2022, 9:58 am by Jason Gray
Each of these plans provides a snapshot of the tools (e.g., incentives, regulations, and carbon pricing) that form the portfolio approach the state has adopted to achieve the 2020 GHG reduction target established by AB 32 (achieve the 1990 level of emissions by 2020), and later scenarios to achieve the 2030 target. [read post]
9 May 2022, 7:00 pm by Alex Wang
As a compromise, California law (AB 398) has limited offsets to 4% of compliance obligations for the 2021-2025 period and capped the offsets without in-state benefits that can be utilized for compliance. [read post]
7 May 2022, 9:00 am by Gene Takagi
Consistent with treating income or gain derived from carried interests as ordinary income, the proposal would also repeal the three-year holding period for carried interests under section 1061 for taxpayers with more than $400,000 in income. [read post]
3 May 2022, 6:30 am by Guest Blogger
I am grateful to the four participants who prepared very interesting and illuminating contributions to an important discussion. [read post]
29 Apr 2022, 5:07 pm by Monica Williamson
• Coordinates lunches, speaking events, and ILPC visits for students interested in Indian Law. [read post]
24 Apr 2022, 9:00 am by Gene Takagi
For example, the IRS’s common law-based guidance is very different from California’s AB 2257 (which modified its better known predecessor AB 5), which is much more likely to result in employee classification. [read post]
 The court granted the requested relief, finding that the state law was too broad and did not meet compelling interests, as required under the California Constitution’s Equal Protection Clause. [read post]
” Litigation of AB 979 The same day AB 979 was signed into law, Judicial Watch, a conservative activist group, sued the secretary of state on behalf of California taxpayers to prevent the state from enforcing AB 979. [read post]
19 Apr 2022, 11:38 am by Michael R. Guerrero and Mindy Harris
  It alleges that in February 2022, the DFPI informed OppFi “that its Program-related activities were subject to the CFL and violated AB 539 because, according to the Commissioner [of the DFPI], OppFi is the ‘true lender’ on Program Loans, and the interest rate on those loans exceeds the interest rate cap in AB 539. [read post]
18 Apr 2022, 11:40 am by Chao Liu
The ISPs opposed SB 156 and have taken active interest in hindering all steps of its implementation. [read post]
18 Apr 2022, 6:30 am by Jack Becker
A State of Bad Advertisements The Ab Circle Pro is not alone in its advertising methods. [read post]