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FTC and NY AG Target Merchant Advance Loan Companies

FTC and NY AG Target Merchant Advance Loan Companies

The Federal Trade Commission while the ny workplace for the Attorney General filed actions against two vendor cash loan (MCA) companies – RCG Advances and Ram Capital Funding – and people connected with both organizations within the District that is southern of York plus the Supreme Court associated with State of brand new York County of the latest York. Both the FTC and ny AG assert a few claims contrary to the defendants associated with the advertising, providing, and gathering of MCA.