Sean Murray

Articles by Sean Murray

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Law Firm Sued for Tortious Interference With Loans and MCAs

January 31, 2018
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Stacking lawsuit

Rhode Island Superior Court has a tortious interference case on its hands. Small Business Term Loans, Inc., and BFS West, Inc. v Christopher M. Mulhearn, and Law Office of Christopher M. Mulhearn, Inc. is yet another front in the debt settlement war enveloping the alternative finance industry. Here, the plaintiffs (known to many as BFS […]

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deBanked Connect – Miami (Recap)

January 30, 2018
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deBanked Connect Miami

Thank you to everyone who attended our cocktail networking event in South Beach last week. It was a great opportunity for funders, lenders, brokers and others in the industry to connect with each other (many for the first time ever). Thank you again to Everest Business Funding, National Funding, Knight Capital Funding, NISO, Grand Capital […]

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Attorney Suing Dozens of MCA Companies Disqualified as Counsel

January 29, 2018
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Court Order

Rayminh Ngo, an attorney with Higbee & Associates that has appeared in no less than 80 lawsuits against merchant cash advance companies in New York State, hit a fatal roadblock in one case, court records reveal. That’s because Ngo and Higbee aren’t qualified to practice law in the State of New York. This disturbing matter […]

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deBanked Afterparty in Miami (Please read if you are planning on attending our event tonight)

January 25, 2018
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Miami Beach

Thank you so much to everyone who is attending our event tonight! The interest has exceeded all of our expectations… and the hotel’s. That’s why we’re planning on heading across the street after 8:30PM (when our event ends) to the Delano at 1685 Collins Avenue for continued networking! Funders, ISOs, if you were not registered […]

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MCA Helpline, A Debt Settlement Company, is Sued For Tortious Interference

January 25, 2018
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Broward County Courthouse

The Broward County Courthouse. Photo by Georgia Guercio Debt settlement is under fire again. This time it’s a trio of defendants, namely MCA Helpline, LLC, Decision One Debt Relief, LLC and Todd Fisch individually, according to a complaint filed by plaintiff Everest Business Funding on Wednesday in Broward County, Florida. Everest is seeking damages for […]

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deBanked Connects With Miami on Thursday, January 25th

January 23, 2018
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The Gale Hotel

We’re really looking forward to seeing you at deBanked Connect this week on Thursday at the Gale Hotel in Miami. Our 3-hour networking open bar cocktail party from 5:30pm – 8:30pm is sure to be a great opportunity for funders and ISOs. This event booked up to capacity really far in advance and I apologize […]

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Controversial Legislator Proposes 4% Interest Rate Cap in New Hampshire

January 22, 2018
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New Hampshire State House

New Hampshire’s Live Free or Die attitude could be challenged by a bill introduced by the state legislature. House Bill 1800-FN-LOCAL, AN ACT relative to usury, proposes a maximum annual rate of interest allowed in all business transactions in which interest is paid or secured to be capped at 4%. Any interest beyond that would […]

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What’s Lending Got to do With Cryptocurrency?

January 10, 2018
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crypto trading

Facebook and Snapchat might be the last things that employees are being distracted by these days. Instead it’s Coinbase and Blockfolio, two cryptocurrency apps, that are quickly stealing the attention of young finance professionals. And the interest in Bitcoin, Ethereum and alt coins is causing some in the industry to wonder if the phenomenon can […]

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In 2018, Sell More and Make More Money

January 4, 2018
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I sold more

Did you hear about the MCA sales rep that made a $160,000 commission this week on a single deal? It was a monster deal, the largest ever approved by the company that funded it. Numbers like that are proof that facilitating commercial finance deals is still red hot. That’s me in that photo above, wearing […]

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Will 2018 Be a Special Year?

December 29, 2017
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2018

2018 is going to be different, in a good way. That’s word on the street in the alternative finance industry, many of whom have told me that it’s just something they feel. I feel it too. The S&P 500 is at an all-time high, Bitcoin is up more than 1,400% for the year, lenders are […]

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