In an era of escalating cyber threats, financial institutions are under increasing pressure to meet both regulatory and operational standards. From SOC 2 compliance to data encryption and privacy controls, cybersecurity is no longer just an IT concern—it’s a core business priority.
Compliance
Starting July 1, 2025, California’s debt collection landscape will change significantly, with new regulations that impact small business loans. For creditors and debt collectors in the commercial finance space, the state’s latest law imposes strict protections typically reserved for consumer debt—putting new demands on collections for commercial loans of $500,000 or less. The new rules could have major implications, especially for in-house collection teams and creditors, who will now be subject to the same restrictions as consumer debt collectors.
The trucking industry enters 2025 with both opportunity and challenge. While demand for heavy-duty and vocational trucks remains strong, several factors are shaping the market, including economic headwinds, regulatory changes, and shifting freight volumes. Let’s break down the outlook for trucks and trailers as we look ahead to the coming year.
Compliance with U.S. import and export regulations has never been more critical—or more costly. Over the past six months, the number of penalties issued by the U.S. Department of Commerce for trade violations has surged, with fines set to increase further.
Among the penalties being raised are those related to the import and export of seafood and wildlife, foreign trade zones, and violations of the 2018 Export Controls Act. While individual fine increases may seem minor—rising by a few hundred dollars per violation—the overall trend signals stricter enforcement and a growing financial risk for businesses engaged in international trade.