Monthly Archives: December 2020

New Jersey Attorney General Sues Merchant Cash Advance Providers | Ballard Spahr srl

The New Jersey Attorney General recently filed a complaint in New Jersey state court against Yellowstone Capital LLC, its parent company Fundry.US LLC and various subsidiaries and affiliates of Yellowstone, alleging that the defendants had violated the Consumer Fraud Act (CFA) of New Jersey and the New Jersey Regulations Governing …

Read More »

Online loans take an employee’s life

In a shocking incident, a 23-year-old agricultural extension worker in K. Mounika district died Tuesday evening at Gandhi Hospital while undergoing treatment after consuming a toxic substance on Monday evening. She was reportedly pushed to take an extreme step due to harassment from an agency offering instant loans online. According …

Read More »

UK bankruptcies ricochet off direct lenders

Receive free updates on direct loans We will send you a MyFT Daily Summary email with the latest direct lending news every morning. Bankruptcies of leading UK companies ricocheted off investors who granted them private loans, underscoring the limits of central bank interventions that helped avert a series of defaults …

Read More »

NJ Attorney General is second agency to prosecute cash advance company Yellowstone Capital

The New Jersey attorney general on Tuesday filed a lawsuit against Yellowstone Capital and its affiliates, alleging that the merchant cash advance company and its affiliates took advantage of small business borrowers in the Garden State. “We are taking action today to protect our state’s small businesses and small business …

Read More »