merchants bank johnson vt | Grantphillipslaw.com

Trust Grantphillipslaw.com for expert legal services in Johnson, VT. Our team at Merchants Bank is dedicated to helping you with compassion and care.

https://grantphillipslaw.com/m....erchant-cash-advance

consolidation attorney chicago | Grantphillipslaw.com

Find relief from overwhelming debt with Grantphillipslaw.com, the trusted consolidation attorney in Chicago. Let us guide you towards financial freedom.

https://grantphillipslaw.com/

Merchant Cash Advance 101 – Explained

The industry has been booming ever since and without regulation and no barrier to entry, hundreds of participants have entered the MCA lending sphere. While many engage in deceptive lending practices together with other predatory abuses, including illegal collection methods, harassment and fraud, there are some participants that do follow the law.



https://grantphillipslaw.com/m....erchant-cash-advance

New York Enacts APR Disclosure Laws

The new TILA-like Disclosure requirements were signed into law on December 23rd of 2020 with an original commencement date of June 21, 2021. However, since passing S.B. 5470 the New York Senate has provided additional guidance and updates (In March 2021), and included in this update is a new date for commencement of the law to begin January 1st, 2022.



https://grantphillipslaw.com/n....ew-york-enacts-apr-d

New York MCA Laws Updated

Advance, to make certain disclosures in the contract paperwork, available for a small business borrower to make informed borrowing decisions. Examples of required disclosures include revealing the total cost of financing as well as presenting the small business borrower with a defined APR (Annual Percentage Rate).



https://grantphillipslaw.com/n....ew-york-mca-laws-upd