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FTC and NY AG Target Merchant Cash Loan Organizations

FTC and NY AG Target Merchant Cash Loan Organizations

These legal actions pose a challenge that is particularly threatening the MCA industry, and offer understanding of the kinds of claims state and federal regulators provides against MCA businesses as time goes on. Having said that, the allegations are exactly that: allegations. We now have perhaps maybe not yet seen a reply by the MCA businesses which are defendants in this matter, so that as with many litigation, the record could be more nuanced than is recommended because of the original appropriate grievance.