Quote Originally Posted by Big Mack View Post
I believe that the AG was using Richmond's "non-compliant" terminology against them. From what I understand, they were marketing MCA's as "loans" on their website, via email & verbally.
True. But there is a possibility that she’s trying to paint all MCAs as illegal loans. I think there is a better than 0% possibility she charges MCA companies with usury or something and let itself play out in the courts. That could cost MCA companies a ton in legal fees and I’m not quite sure where the courts will land on it. Plus if the banks should launch a campaign against the MCA industry that will be a huge opponent to have.