California Enforces UDAAP Rule to Protect Small Businesses, Nonprofits, and Family Farms
On August 2, 2023, the California Department of Financial Protection and Innovation (DFPI) issued a final ruling that has significant implications for the world of small business financing. This ruling curbs certain individuals and entities from engaging in unfair, deceptive, or abusive acts or practices (UDAAP) when offering or providing commercial financing or other financial…