February 3, 2023 Delaney SextonContributing Editor Fraud Friday – Three Companies Agree to Pay More than $500,000 to Settle False Claims Act Allegations “PPP loans were intended to help qualified businesses retain their employees and pay other bills during the pandemic,” says U.S. Attorney Stephanie M. Hinds for the Northern District of California. “This Office…

February 2, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Jeffrey Freiert, Tamoor Ijaz, and David Huisman Jeffrey Freiert Joins FNBC Batesville as Community President “Batesville has always been an important growth market for our organization,” says FNBC President & CEO Marty Sellars. “Jeffrey’s experience, leadership strength and key community connections will be a…

February 1, 2023 Delaney SextonContributing Editor C-Suite Wednesday – House Small Business Committee Passes 3 Bipartisan Bills Recently, the House Committee on Small Business announced that three bipartisan small business bills were passed. Since then, all three bills have been received in the Senate. H.R. 399, Small Business Advocacy Improvements Act of 2023 – The…

February 1, 2023 Joseph ColemanEditor The Department of Financial Protection & Innovation has released portal filing instructions for franchise registrations in the state of California. New Portal Account Registration: If you are creating a new portal account to file a Franchise application, use Option B Your account should be approved within five (5) business days.…

January 31, 2023 Joseph ColemanEditor The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued enforcement actions against multiple debt collectors for unlicensed activity under the Debt Collection Licensing Act (DCLA) and unlawful and deceptive acts or practices in violation of the California Consumer Financial Protection Law (CCFPL). The subjects…

January 31, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Senate Proposes Payroll Tax Relief for RRF Applicants “While the American Rescue Plan saved thousands of restaurants, its Restaurant Revitalization Fund left too many behind. I believe we need to replenish the Fund and will keep pressing to do so. We are re-introducing the…

January 30, 2023 Delaney SextonContributing Editor Main Street Monday – White House Holds Roundtable About Access to Capital for Small Businesses Last week, a roundtable was held to discuss capital access, technical assistance, and support for small businesses. The Administrator of the SBA, Isabel Guzmán, and many government officials met with small business leaders, advocates,…

January 27, 2023 Delaney SextonContributing Editor Fraud Friday – Yellowstone Capital Reaches $27 Million Settlement for Predatory Small Business Lending Practices “The predatory lenders in this case padded their profits by preying on small business owners struggling to keep their doors open,” says Attorney General Platkin. “Through this settlement we stood up to these illegally-profiteering…

January 26, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Joseph Vereline and Brad Cantrell Joseph Vereline Joins Union Savings Bank as VP, Head of Business Banking “Joe has extensive experience with small business lending and is a welcomed addition to our Business Banking team,” says Marlene Piche, Senior Vice President of branch and…

Joseph ColemanManaging Editor As a result of SB 1415, state-chartered banks and credit unions are required to notify the Department of Financial Protection and Innovation (DFPI) annually of the revenue they received from fees on nonsufficient funds and overdraft charges during the calendar year. These reports are due by March 1 so the DFPI can…