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FTC and NY AG Target Merchant Cash Loan Businesses

The Federal Trade Commission as well as the ny workplace associated with Attorney General filed actions against two vendor cash loan (MCA) companies – RCG Advances and Ram Capital Funding – and folks connected with both businesses within the Southern District of the latest York therefore the Supreme Court regarding the State of brand new York County of the latest York. Both the FTC and ny AG assert a few claims up against the defendants pertaining to the marketing, providing, and gathering of MCA.

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