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Rockland County Business Journal

Rockland County Business Journal

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Tag: usury

The Legal Beat

New York Attorney General Files Suit Against Two Payday Lenders, Alleging Usury And Fraud

April 21, 2025April 24, 2025RCBJ-Connect

Usurious Interest Rates And Deceptive Practices Land Payday Lenders MoneyLion and DailyPay In Court 

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Usury New York

Hundreds Of Judgments Held By Predatory Lenders Soon To Be Vacated By Rockland County Court

April 18, 2025April 21, 2025RCBJ-Connect

A Settlement Between The New York State Attorney General And Predatory Lenders Will Cancel 1,100 New York State Judgments Against Small Businesses

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Usury New York

Court Refuses To Enforce Merchant Cash Advance Agreement That Smacks Of Chicanery

June 24, 2024June 28, 2024RCBJ-Connect

Funder Files Appeal, Seeking To Avoid A Ruling Declaring Its Cash Advance Agreements To Be Usurious Loans And/Or Unenforceable Contracts

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Usury New York

New York Attorney General Sues Suffern-Based Merchant Cash Advance Lender For Fraud

March 20, 2024March 27, 2024RCBJ-Connect

Network of Lenders, including Suffern-Based Cloudfund Are Accused Of Issuing Usurious Loans And Defrauding Borrowers And Courts

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Usury New York

Usurious Loans or Legitimate Merchant Cash Advances – Courts To Decide

December 6, 2023December 11, 2023rcbizjournal

Flood of Lawsuits In Rockland Filed By Merchant Cash Advance Funders

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Rockland County Court House

Rockland County Courts Becoming Hub For “Usury” Cases Originating Beyond The State

September 6, 2021September 13, 2021rcbizjournal

Rockland and Orange Counties have become popular venues for these finance companies in short-term receivables contracts.

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Usury New York

Is It Usury Or Legitimate Funding? A Rockland Court Will Decide

July 20, 2021July 23, 2021rcbizjournal

Do these funders provide needed working capital to troubled companies in need of short-term cash? Or are they usurious lenders taking advantage of struggling business owners who have nowhere else to turn for financing? 

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