On June 10, 2020, the Federal Trade Commission plus the ny Workplace associated with the Attorney General filed actions against two merchant cash loan (MCA) companies – RCG Advances and Ram Capital Funding – and people related to both organizations within the Southern District of brand new York together with Supreme Court associated with the State of brand new York County of brand new York. Both the FTC and nyc AG assert a few claims up against the defendants linked to the advertising, providing, and gathering of MCA. These legal actions pose a particularly threatening challenge to the MCA industry, and supply understanding of the kinds of claims state and federal regulators provides against MCA businesses as time goes on. Read more →