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New Jersey Attorney General settles lawsuit against merchant cash advance providers | Ballard Spahr LLP

Yellowstone Capital To Pay $27M To End NJ Usury Claims

Private equity firm Yellowstone Capital LLC, its parent company and several associated companies have agreed to pay more than $27.3 million to settle claims they targeted small businesses with abusive lending disguised as purchases of accounts receivables, the New Jersey attorney general announced Tuesday.

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