U.S. Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27). Velázquez spoke during a House Small Business Committee hearing in Washington, D.C., pointing specifically to the use of confessions of...
The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post. Get...
The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices. Get the Full Story Complete the form to unlock this article and enjoy...
Heightening efforts among policymakers across the globe to expand customer protections in the financial services (FinServ) space have largely left small business (SMB) banking and lending untouched. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
July 29, 2019
Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this […]
