In December 2022, California’s new commercial lending disclosure law and complementary regulations went into effect, leading the way for other states to follow.

The new California law imposes disclosure requirements in commercial lending transactions. While this is not new for consumer lenders that are accustomed to complying with the Truth in Lending Act, this is uncharted territory in the commercial lending space. Like the federal Truth in Lending Act, the new California law is meant to provide prospective borrowers with an opportunity to see a concise summary of the obligation’s terms in an easy-to-read format. Ideally, this allows a prospective borrower to take the terms offered by two or more lenders and compare them, side by side, to determine the best offer.

Ascend Capital Partners has announced it has completed equity investments in Allied Physicians Group and Adjuvant.Health.

Allied Physicians Group, based in Melville, N.Y., is an independent provider of pediatric care in New York. Founded in 2006, the organization states it has more than 35 primary care offices across the New York market.

Adjuvant.Health, which was formed by…

On Jan. 30, the U.S. Securities and Exchange Commission’s Division of Examinations released a Risk Alert identifying perceived weaknesses in broker-dealers’ compliance with the disclosure, care, conflicts of interest and compliance obligations of Regulation Best Interest.

Read on for highlights from the alert and how they reflect the SEC’s evolving expectations during examinations

Renovus Capital Partners has announced it has completed a majority investment in Thomas J Paul (TJP).

TJP, based in Rydal, Pa., is a healthcare marketing communications and sales training consulting firm. Founded in 1972, the company states that it supports several global pharmaceutical companies in payer marketing as well as access and affordability programs.

Renovus…

The Financial Crimes Enforcement Network (FinCEN) has recently issued an alert cautioning all financial institutions regarding potential investments in the U.S. commercial real estate (CRE) sector, by or on behalf of sanctioned Russian elites, oligarchs, their family members, and entities through which they act. This alert complements sustained efforts of the U.S. government, in response to Russia’s war against Ukraine, to isolate sanctioned Russian persons from the international financial system. It highlights specific vulnerabilities to sanctions evasion in the CRE sector, which may be exploited by Russian elites or their proxies, and is based on a recent review of Bank Secrecy Act (BSA) reporting. It also provides financial institutions with guidance on identifying potential red flags and typologies of sanctions-evasion activities.

The Financial Crimes Enforcement Network recently issued an alert cautioning all financial institutions about potential investments in the U.S. commercial real estate sector, by or on behalf of Russian elites and their proxies. FinCEN’s communication complements U.S. efforts, in response to Russia’s war against Ukraine, to isolate sanctioned Russian persons from the international financial system.…

Regal Healthcare Capital Partners has invested in Sena Health, according to a news release.

Sena, based in Philadelphia, provides at-home care in partnership with healthcare providers. Founded in 2020, the company supports patients with a range of medical conditions throughout Philadelphia and the Southern New Jersey region.

Regal, based in New York, is a healthcare…