[StealMyDeal]

https://debanked.com/2020/08/ftc-com...cash-advances/

Seems like they're fully intent on shutting down MCA.

An unelected bureaucrat makes a public statement admonishing abusive practices in the industry and all of a sudden everybody becomes chicken little. No, the FTC is not shutting down the MCA industry, nor can they. They are going to make examples of certain players by pursuing the most egregious of violations (i.e., Par, Yellowstone, etc) to curb these abuses and set clear guidelines as to what's unacceptable. You can't call a transaction an MCA and then behave as if it's a loan. That's never been okay, and regulators are finally putting a stop to it. But that won't end the MCA as a product or industry. It will simply exterminate those who can't otherwise adapt.