The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post. The...
Small business lending could get a bit more scrutiny from regulators. To that end, the U.S. Federal Trade Commission (FTC) is reportedly examining small business lending practices, with an eye on cutting down predatory loans extended to small to mid-sized businesses. The move comes as...
