Friday Afternoon Breakout Sessions B
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Effective Growth Strategies for Factors – Part 2
Maximizing Existing Clients, Action Plan and Q&A
Over two knowledge-loaded sessions, Husam Jandal will discuss today's most effective strategies for achieving the two critical growth objectives for factoring businesses: (a) New Client Acquisition and (b) Client Retention. So come prepared to learn the proven-success methods that will take your results to a whole new level! In addition, participants will receive a pre-session survey to help them make the most out of this vital topic.
Speaker
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Husam Jandal |
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Breakout Session #2
Commercial Finance Disclosures
In 2018, California became the first state to pass a commercial finance disclosure law (CDL) requiring certain commercial finance companies, including factoring companies, to make consumer-style disclosures to financing recipients. After years of regulatory delay, revisions, and comment periods, the California Department of Financial Protection and Innovation released its final regulations implementing the CDL in June 2022. This short timeline, paired with a specific and complex set of regulatory requirements under the new regulation, means that compliance will require a substantial amount of time, effort, and resources for anyone entering factoring agreements with California businesses. These difficulties are compounded for factoring companies, who have to comply with additional requirements in order to determine the “APR.” Join attorneys Alex McFall and Christopher Friedman as they provide practical advice to factors about how to come into compliance with these new requirements and how other states are following California.
Speakers
Commercial Finance Disclosures
In 2018, California became the first state to pass a commercial finance disclosure law (CDL) requiring certain commercial finance companies, including factoring companies, to make consumer-style disclosures to financing recipients. After years of regulatory delay, revisions, and comment periods, the California Department of Financial Protection and Innovation released its final regulations implementing the CDL in June 2022. This short timeline, paired with a specific and complex set of regulatory requirements under the new regulation, means that compliance will require a substantial amount of time, effort, and resources for anyone entering factoring agreements with California businesses. These difficulties are compounded for factoring companies, who have to comply with additional requirements in order to determine the “APR.” Join attorneys Alex McFall and Christopher Friedman as they provide practical advice to factors about how to come into compliance with these new requirements and how other states are following California.
Speakers
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| Christopher Friedman, Esq. Attorney Husch Blackwell Read Bio |
Alex McFall, Esq. Attorney Husch Blackwell Read Bio |
This forum is an opportunity for those in operations to learn by discussing relevant issues with others performing similar duties.
Moderators
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Leslye Campos |
Lacey Aulbach |
Danika Louis SVP, Portfolio Manager Republic Business Credit Read Bio |
1. Update on the legal and regulatory changes: challenges and opportunities
2. Significant framework changes in particular markets
3. Two primary movements: E-Invoicing in LA; development of the UNIDROIT Factoring Model Law (FML)
2. Significant framework changes in particular markets
3. Two primary movements: E-Invoicing in LA; development of the UNIDROIT Factoring Model Law (FML)
Speaker
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Alberto Wyderka |
As a registered attendee or participant (“you”) of the International Factoring Association's Factoring Conference (the “Conference”) you agree to these terms and conditions (collectively, this “Agreement”) with the International Factoring Association (“IFA”). Read IFA's full Terms & Conditions here.
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