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Category: Small Business Funding

Dodd-Frank 1071: A Comprehensive Overview of Small Business Financing Data Collection 
Dodd-Frank 1071: A Comprehensive Overview of Small Business Financing Data Collection 
Enacted in 2010, the Dodd-Frank Act aims to address systemic risks in the financial sector and enhance consumer protection. Section 1071 specifically amended the Equal Credit Opportunity Act (ECOA) to mandate financial institutions to collect, maintain, and submit certain data related to applications for credit from women-owned, minority-owned, and small businesses. The overarching goals are […]
Florida Enacts Commercial Financing Disclosure Law: HB 1353 
Florida Enacts Commercial Financing Disclosure Law: HB 1353 
On June 26, 2023, Florida Governor Ron DeSantis took a significant step towards ensuring transparency and consumer protection in the commercial financing industry by signing the Florida Commercial Financing Disclosure Law (FCFDL) into effect. This landmark legislation introduces comprehensive disclosure requirements for covered commercial financing transactions. It outlines specific prohibitions for brokers, including collecting advance […]
CFG Merchant Solutions is a proud sponsor of NACLB 2023!
CFG Merchant Solutions is a proud sponsor of NACLB 2023!
The National Alliance of Commercial Loan Brokers (NACLB) conference, set to take place from September 26-28, 2023, at Caesars Palace in Las Vegas, Nevada, is a notable industry event. It will bring together over 900 professionals from various parts of the country. Thus making it an excellent platform for networking and sharing industry insights. Joining […]
CFGMS is excited to announce and launch a new program: CFGMS Underwriter Academy
CFGMS is excited to announce and launch a new program: CFGMS Underwriter Academy
CFG Merchant Solutions is excited to introduce the CFGMS Underwriter Academy, a customized initiative designed specifically for aspiring Revenue-based Underwriters. Striving to equip trainees with the tools, skill set, and expertise to thrive in the revenue-based financing sector. The Underwriter Academy Program is a comprehensive pathway to fast-track their progress into a pivotal role within […]

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