Small Business Majority and partners support protecting small businesses from deceptive and abusive lending practices

CAMEO Network, The Responsible Business Lending Coalition and Small Business Majority submitted a letter to the California Senate Judiciary Committee in support for Senate Bill 825 (Limón/Grayson). This bill clarifies that the Department of Financial Protection and Innovation (DFPI) retains the authority under the California Consumer Financial Protection Law (CCFPL) to enforce protections against deceptive or abusive practices, even for individuals or entities otherwise exempt from the CCFPL due to holding certain licenses.