Sat.Sep 05, 2020

article thumbnail

10 Steps to a Successful Pivot of Business Strategy

Enterprise Recovery

The pandemic has highlighted businesses that chose to switch up their business strategy in order to remain profitable. Retailers have found new ways to sell to consumers, such as The Gap's highly successful pivot to selling masks , and many manufacturers are turning to a DTC (direct to consumer) model. Any crisis is a true test of agility for entrepreneurs and large enterprises alike, and the COVID crisis is definitely testing most companies around the globe.

article thumbnail

California Creates a New State-Level Financial Protection Bureau

Troutman Sanders

In late August, the California legislature passed Assembly Bill 1864 , creating a Department of Financial Protection and Innovation and bolstering legal protections for consumers. The new Department is intended to be a state-level version of the Consumer Financial Protection Bureau (CFPB). For example, similar to the CFPB, the commissioner of the Department is authorized to bring a civil action or other proceeding to enforce the provisions of the federal Consumer Financial Protection Act of 2010