The Federal Trade Commission is sending 7,731 checks totaling more than $9.7 million to small businesses who were harmed by Yellowstone Capital, a merchant cash advance company that withdrew money from their bank accounts without permission. Eligible businesses are getting 51% of their money back, averaging more than $1,200 for each check. Recipients should cash …
Yellowstone Capital is one of the companies I’ve written about regarding Merchant Cash Advance loans. Well, things are wrapping up in the FTC action against the company. The Federal Trade Commission has just announced, Yellowstone Capital, a provider of merchant cash advances, will pay more than $9.8 million to settle Federal Trade Commission charges that …
Yellowstone Capital has appeared on this site before for going after business debt settlement companies. See this post. It appears Yellowstone Capital, a Merchant Cash Advance (MCA) company has garnered a lot of attention from the State of New Jersey. The State has filed a lawsuit against Yellowstone Capital LLC, its parent company Fundry.US LLC, …
Back in the good old days of 2018, merchant cash advance companies started suing debt settlement companies that attempted to negotiate to resolve business debts. In fact, some business debt negotiation companies wound up settling the lawsuits. See this article. One of the merchant cash advance companies that were going after settlement companies was Yellowstone …
A pair of business funding groups has been hammering business debt settlement companies in court. Yellowstone Capital, EBF Partners, and Everest Business Funding have been filing suits claiming the debt settlement companies have no right to get in their way. According to deBanked, “A group of debt settlement companies and ISOs have entered into a …