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08-10-2020, 07:59 PM #12
- Join Date
- Jul 2014
- Posts
- 92
I agree with Chambo. Issuing MCAs at usurious "rates" without a CFL cost Advanceme a LOT of money in litigation... The "it's not a loan" defense did not hold up, and it set the precedent for why a lot of members here can't fund in California. Not exactly the same set of circumstances but I think it'll be the same result.
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