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Yellowstone Capital to pay almost $10M in fraud settlement

Apr 23, 2021
Small-fleet owners have been among victims of merchant cash advances that sometimes deceive customers and leave them trapped in increasing debt.Yellowstone Capital, a leading provider of a type of small-business funding that has caused problems for small motor carriers, will pay more than $9.8 million to settle Federal Trade Commission fraud charges, announced the FTC. Much of that sum could be issued in refunds to affected businesses.
The agency said Yellowstone “took money from businesses’ bank accounts without permission and deceived them about the amount of financing business owners would receive and other features of its financing products.”
Yellowstone, now operated as Fundry Inc., was a pioneer in the controversial financing niche of merchant cash advances. An MCA provider gives a client, usually a small business with a poor credit rating, a cash advance in exchange for a much larger amount repaid through daily automatic payments. ....

New York , United States , Bloomberg Businessweek , Jeffrey Reece , Jay Mayfield , David Glass , Mason Capital , Coast Business Capital , Thryve Capital Funding , High Speed Capital , Small Business In Transportation Coalition , Richmond Capital Group , Us District Court , Us Supreme Court , World Global Capital , Green Capital Funding , Fundry Inc , Yellowstone Capital , Trade Commission , James Lamb , Small Business , Transportation Coalition , Cash Flow Crisis , Richmond Capital , Wall Street , Boiler Room ,

Yellowstone Capital to pay almost $10M in fraud settlement

Yellowstone Capital to pay almost $10M in fraud settlement
overdriveonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from overdriveonline.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Bloomberg Businessweek , Jeffrey Reece , Jay Mayfield , David Glass , Mason Capital , Coast Business Capital , Thryve Capital Funding , High Speed Capital , Small Business In Transportation Coalition , Richmond Capital Group , Us District Court , Us Supreme Court , World Global Capital , Green Capital Funding , Fundry Inc , Yellowstone Capital , Trade Commission , James Lamb , Small Business , Transportation Coalition , Cash Flow Crisis , Richmond Capital , Wall Street , Boiler Room ,

Small-business lender Yellowstone to pay almost $10M in fraud settlement

Apr 23, 2021
Small-fleet owners have been among victims of merchant cash advances that sometimes deceive customers and leave them trapped in increasing debt.Yellowstone Capital, a leading provider of a type of small-business funding that has caused problems for small motor carriers, will pay more than $9.8 million to settle Federal Trade Commission fraud charges, announced the FTC. Much of that sum could be issued in refunds to affected businesses.
The agency said Yellowstone “took money from businesses’ bank accounts without permission and deceived them about the amount of financing business owners would receive and other features of its financing products.”
Yellowstone, now operated as Fundry Inc., was a pioneer in the controversial financing niche of merchant cash advances. An MCA provider gives a client, usually a small business with a poor credit rating, a cash advance in exchange for a much larger amount repaid through daily automatic payments. ....

New York , United States , Bloomberg Businessweek , Jeffrey Reece , Jay Mayfield , David Glass , Mason Capital , Coast Business Capital , Thryve Capital Funding , High Speed Capital , Small Business In Transportation Coalition , Us District Court , Richmond Capital Group , Us Supreme Court , World Global Capital , Green Capital Funding , Fundry Inc , Yellowstone Capital , Trade Commission , James Lamb , Small Business , Transportation Coalition , Cash Flow Crisis , Richmond Capital , Wall Street , Boiler Room ,

Small-business lender Yellowstone to pay almost $10M in fraud settlement

Small-business lender Yellowstone to pay almost $10M in fraud settlement
overdriveonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from overdriveonline.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Bloomberg Businessweek , Jeffrey Reece , Jay Mayfield , David Glass , Mason Capital , Coast Business Capital , Thryve Capital Funding , High Speed Capital , Small Business In Transportation Coalition , Us District Court , Richmond Capital Group , Us Supreme Court , World Global Capital , Green Capital Funding , Fundry Inc , Yellowstone Capital , Trade Commission , James Lamb , Small Business , Transportation Coalition , Cash Flow Crisis , Richmond Capital , Wall Street , Boiler Room ,

"The Old Quarry" along Highway 54 may soon be rezoned for development

The Old Quarry along Highway 54 may soon be rezoned for development
Dan Field
An eyesore on Highway 54 that has caught the attention of tens of thousands of motorists for more than a dozen years may be getting a facelift.
The Lake Ozark Board of Aldermen approved the first reading of an ordinance that would allow the rezoning of four parcels of land north of the Osage River Bridge and east of Highway 54 to be rezoned to allow for possible development.
The second and final reading will be at the next regular board of aldermen meeting Feb. 23.
The Planning and Zoning Commission recommended the rezoning at its Feb. 3 regular meeting. ....

Osage River , United States , Mark Mclaren , Zoning Commission , Osage National , Blueboat International , Osage National Commercial Holdings , Osage National Holdings , Richmond Capital , Lake Sun , Lake Ozark Board , Osage River Bridge , Kansas City , Osage National Resort , Lake Ozark , Land Use Plan , ஓஸாகெ நதி , மிச Ou ரி , ஒன்றுபட்டது மாநிலங்களில் , குறி மக்லேரந் , ஸோநிஂக் தரகு , ஓஸாகெ தேசிய , ஓஸாகெ தேசிய வணிகரீதியானது ஹோல்டிங்ஸ் , ஓஸாகெ தேசிய ஹோல்டிங்ஸ் , ரிச்மண்ட் மூலதனம் , ஏரி சூரியன் ,