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 …

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