Why Are Churches Taking Out Merchant Cash Advances? FTC Bans RAM Capital Funding.

Why Are Churches Taking Out Merchant Cash Advances? FTC Bans RAM Capital Funding.

Two of the defendants behind an alleged small business financing scheme, RAM Capital Funding, LLC and its owner Tzvi Reich, will be permanently banned from the merchant cash advance and debt collection industries, and required to pay $675,000 to settle Federal Trade Commission charges that they used deceptive and illegal means to seize assets from … Read more

FTC Goes After Merchant Cash Advance Companies That Deceived Small Businesses, Non-Profits and Seized Their Personal and Business Assets

The Federal Trade Commission is taking action against two New York-based companies engaged in small-business financing, along with several of their owners and officers, for allegedly using deception and threats to seize personal and business assets from small businesses, non-profits, religious organizations, and medical offices. The FTC filed a complaint against RCG Advances, LLC—formerly known … Read more