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MyPillow CEO Mike Lindell sues a merchant cash advance firm over a ‘sham’ loan that had a 409% interest rate
A merchant cash advance is a specific type of convoluted financial agreement that lets the issuer bypass laws that limit interest rates on business loans. They are almost always targeted toward ...
JD Supra4d
NY Attorney General Secures $1 Billion-Plus Judgment for Illegal Loans Misrepresented as Merchant Cash Advances
On January 22, 2025, New York Attorney General (NYAG) Letitia James announced a judgment and settlement against cash advance provider Yellowstone Capital, its officers, and two dozen affiliates ...
Daily News29d
Merchant discount rates reviewed
With the aim of encouraging the Sri Lankan public to make more digital transactions, the Merchant Discount Rates (MDR) offered to financial institutions and finance service institutions through the ...
Newsweek19d
Best Merchant Account Service Providers of February 2025
To do that, you’ll need a merchant account with a provider that connects you with the point-of-sale (POS) hardware and software you’ll need. The best merchant account service providers offer a ...
NPCI’s Asbe calls for economic incentive for UPI players to propel ecosystem growth
NPCI CEO emphasizes need for economic incentives to expand UPI ecosystem, address transaction failures, and combat online ...