California's AB 488, the first-of-its-kind statute regulating online charitable fundraising platforms ("CFPs") in the U.S., is finally becoming fully effective. While the statute was initially passed in October 2021 and purportedly effective on January 1, 2023, its implementing regulations have taken a tortuous path to finalization, with numerous draft regulations being issued in the ensuing years and final regulations (the "Regulations") only being published in March 2024.
