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New York Enacts APR Disclosure Laws
The protocol and format of how lenders will issue, maintain and comply with the new law and the manner by which lenders will be monitored, will be prescribed by The New York Department of Financial Services (DFS). At the time of writing this article, the DFS has yet to issue guidance or provide instruction on Format and Compliance.
https://grantphillipslaw.com/n....ew-york-enacts-apr-d
Merchant Cash Advance 101 – Explained
2010 saw a large increase in MCA loan origination. This growth can be attributed to the economic circumstances and fledging economy at that time. It was a perfect combination of circumstance and timing. Small business lending had all but dried up, demand for funding had risen sharply and the resulting turmoil presented both the conditions and timing necessary for the MCA industry to grow exponentially.
https://grantphillipslaw.com/m....erchant-cash-advance
New York MCA Final Disclosure Laws
The final rules are a good start, but fall short in several areas. For example an MCA Funder is exempt from full disclosure if they are “partnered” with FDIC insured banks. Another shortfall is the inclusion of a $2,500,000 cap. Thus, commercial financing in excess of $2.5M is exempt from the CFDL. Hardly ideal.
https://grantphillipslaw.com/n....ew-york-mca-final-di
Best Wedding Banquet Halls in Delhi – Find with VenueLook
Planning your dream wedding? Discover the finest wedding banquet halls in Delhi with VenueLook! Whether you need a grand space or an intimate setting, VenueLook offers countless stunning options to suit every style and budget. Explore top venues, compare prices, and book your perfect hall effortlessly. Make your big day unforgettable with VenueLook’s expert recommendations! https://www.venuelook.com/wedd....ing-venues-in-delhi/
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