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What a Weakened CFPB Actually Means for PrivateLenders
Hint: It’s not the regulatory holiday you’re hoping for. The CFPB Is Weakened. So What? Most private lenders think the CFPB’s troubles are someone else’s problem. After all, we make business-purpose loans. We don’t deal with consumers. The CFPB regulates consumer finance, and we’re not in consumer finance. That logic...
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The private commercial lending industry in New York is highly regulated, requiring private lenders to comply with state laws and licensing requirements before engaging in ...
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Usury laws in New York set strict limits on the interest rates lenders can charge on loans. Under New York law, the civil usury limit ...
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The private lending industry in New York is an essential part of real estate financing, providing borrowers with access to funds when traditional banks cannot ...