Financial Solutions Perspectives. FTC and NY AG Target Merchant Advance Loan Organizations
Regulatory, conformity, and litigation developments within the services that are financial
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The Federal Trade Commission in addition to ny workplace of this Attorney General filed actions against two vendor cash loan (MCA) companies – RCG Advances and Ram Capital Funding – and people related to both businesses within the Southern District of the latest York and also the Supreme Court associated with the State of the latest York County of the latest York. Both the FTC and nyc AG assert a few claims contrary to the defendants pertaining to the advertising, providing, and collecting of MCA. (more…)