[Karen37a]

“The bill would, until January 1, 2024, additionally require a provider to disclose the total cost of financing expressed as an annualized rate. The bill would authorize a provider who offers financing that is factoring or asset-based lending to, in lieu of those disclosure requirements, provide an alternative disclosure that meets specified requirements, including that the disclosure may be based on an example of a transaction that could occur under the general agreement for a given amount of accounts receivables.”

https://leginfo.legislature.ca.gov/f...01720180SB1235

Why would a cash advance company have a problem meeting that requirement?

It depends on what metric they use for annualized rate....they want to use APR and it isn't an apr...apr is with a loan, not an advance so you are confusing people and turning it into a loan giving me more liability

So until i train those people...SAY NO. block it