Can S.B. 5470 Catch Up to Fiscal Invention?

 Perhaps. Time will tell. With the advent of financial technology, providers and lenders of corporate finance have become more sophisticated and continually seek to “invent” new and complex lending structures that bad actors can use to engage in predatory and lending abuses. S.B 5470 seeks to govern these creations and inventions by requiring the disclosures delineated in more detail further into this article.


https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/

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