New York Protecting Small Business

 The New York Truth in Lending/TILA Disclosure Law, shows a clear and unambiguous intent on the part of the New York Legislature. No more predatory loans! Not here. This directive includes its chief protagonist, namely the infamous Merchant Cash Advance. New York has begun to regulate the Merchant Cash Advance industry and together with California, provides fiscal protection to corporations and businesses (Emphasis added). S.B. 5470 goes a long way to right potential corporate lending abuses.

https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/

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