Factoring Industry Pushes For Reform

Published 41 days ago

After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structured settlement... more

After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structured settlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population. Settlement Capital Corporation's general counsel and Factoring Channel host Matt Bracy discusses how the factoring industry pushed for a compromise bill after the governor planned to veto it. Learn more at http://legalbroadcastnetwork.com/ less

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