[golf2014]

Letitia James, New York state's attorney general, is continuing to investigate the merchant cash advance industry, according to her spokesman, Fabien Levy. "Many small businesses are struggling and trying to figure out how they can get by," Levy said. "We don't want them to feel they have no other option but to go to these predatory lenders."

So the NY AG doesn't want merchants that got denied by banks to "feel" they have no other option to get funding, when the reality is, they don't. I would love to here where a "struggling business" with bad personal credit can get funds to meet the following weeks payroll outside of MCA... NYS has become a dictator state run by power trip thugs.

Paying 40 to 49 cents on the dollar isnt helping anybody..if anything it makes matters much worse.