Quote Originally Posted by happyman View Post
yes they are debiting as cbsg. i spoke to a couple of merchants, one said they were called about the debits but the other said he had no idea. also, they upped their dailies from $215 to $400.
Yes, this has proved to be a problem with several merchants' files. Initially UW will see paused/stopped payments during the time they went into receivership, then MTD statements show them pulling again. A lot of lenders are staying away from going behind PAR right now.