cash advance lending News

New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide, according to a person familiar with the probe. Attorney General Barbara Underwood’s office is looking into whether merchant …

Two U.S. senators are seeking to outlaw a legal tactic that predatory lenders have frequently used to seize money from small businesses. Senators Sherrod Brown, the top Democrat on the Senate Banking Committee, and Marco Rubio, a Florida Republican, said …