New York MCA Final Disclosure Laws


  • New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to enact laws that require certain consumer like disclosures even for several commercial loans.
  • This is significant development since New York’s Commercial Finance Disclosure Law (CFDL) went into effect August 1st, 2023 and in the law the CFDL has extended disclosure requirements ordinarily required for consumer lending to commercial financing instruments such as a merchant cash advance.
  • The laws apply equally to both

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When you’re dealing with an AMEX lawsuit, you need to know your rights and responsibilities. If you have been sued by American Express, you may be wondering what to do next. You may have received a settlement offer from them—or maybe not yet. Either way, it’s important to understand your options and what steps you […]
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Are you facing the uphill battle of debt lawsuits? As prices rise and consumers struggle to make ends meet, personal debt weighs down even the most budget-conscious consumers. And for those who are dealing with extensive unpaid debts, creditors may be knocking on the door for repayment. If you are being sued for an unpaid […]
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Fight Back! Your Guide to Defending Against an American Express Lawsuit If you’ve received a lawsuit from American Express, you might be wondering what to do. If so, you’re not alone: American Express is one of the most aggressive credit card companies when it comes to collecting debt, and they’re known for suing their customers […]
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Debt collectors have to follow specific rules when they collect debts. These rules are set by the Fair Debt Collection Practices Act (FDCPA). The FDCPA was created to curtail unfair treatment of consumers by debt collectors.  It ensures that debt collectors don’t harass, threaten, or lie to you when they try to collect payment. By […]
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Co-signing on a child or loved one’s private student loan is a big decision. It’s a common occurrence because young people in particular will not have the necessary credit history to qualify for a loan by themselves. But there are serious risks involved for the co-signer and you might even need a debt relief attorney […]
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Here’s What You Need to Know When Being Sued for Debt Receiving a lawsuit for unpaid debt can be a stressful and overwhelming experience. Understanding your rights and options when facing a debt collection lawsuit is essential to protect your financial future. In this article, we’ll explore some key things you need to know when […]
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Why You Should Check Your Credit Report At Least Once A Year Your credit report is an important tool lenders, creditors, and other financial institutions use to determine your creditworthiness. A good credit report can help you secure loans, credit cards, and other financial opportunities at favorable rates and terms.  In contrast, a poor credit […]
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Are you thinking of getting a HELOC? Easy access to funds might sound appealing and a home equity line of credit is a quick way to secure funds. However, there are certain risks associated with a HELOC that can leave you with a lot of debt, payments you cannot afford and too much stress to […]
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