Newsletter Sent On: 02/07/2020

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Lender Ranking Website Accused By FTC Of Misleading Rankings
LendEDU, a Hoboken-based company that lists and ranks loan providers, came under fire this week after the FTC filed a complaint detailing how LendEDU charged businesses for higher positions in its rankings ... Read more

CAN Capital Brings On Edward Dietz as Chief Compliance Officer & General Counsel
CAN Capital is continuing its executive hiring spree into 2020 with the news that it has brought on Edward Dietz as its latest Chief Compliance Officer and General Counsel. After providing legal exper... Read more

Ocrolus Partners with Kiva to Provide Funding and Publish its Customers’ Stories
Ocrolus has announced a partnership with Kiva, the Californian non-profit that provides loans to entrepreneurs in countries underserved by funding options. The deal comes after news of Ocrolus’s partn... Read more

Goldman Sachs-Amazon Deal to Offer Small Business Loans in the Works
Tech giant Amazon is reportedly in talks with Goldman Sachs to offer business loans to those small and medium sized merchants operating on its marketplace, according to sources that the FT describes... Read more

Kabbage Introduces Customized Short Term Loans
Today Kabbage, the Atlanta-based fintech company that has been funding businesses since 2009, announced its latest product: customized short-term loans that are a result of the combination of Kabbage ... Read more

Loan Brokers Attack Online Direct Lending in Super Bowl Commercial Duel
The battle is on between lenders and brokers in the mortgage space as middlemen try to out-compete push-button loan technology.Quicken Loans ran a Super Bowl Commercial that featured Game of Thr... Read more

Appellate Court Affirms Decision in Merchant Funding Services, LLC v Micromanos Corporation etc.
On January 29th, 2020 the Appellate Division, 2nd Department, of the Supreme Court of New York, upheld the original decision issued in Merchant Funding Services, LLC v Micromanos, etc. et al.. The cas... Read more

Liberis Secures $42 Million in Funding, Plans American Expansion
Liberis, the London-based small business finance provider, secured £32 million ($42 million) in capital late last month following a round of equity fundraising. The firm, which has funded businesses t... Read more

New York Appellate Court Overturns QFC, LLC v Iron Centurian, LLC
The Appellate Division, 2nd Department of The Supreme Court of New York, overturned QFC, LLC v Iron Centurian, LLC and Mohamed Sadiqui last month, granting victory to a merchant cash advance company. ... Read more

One Of The Most Devastating Court Decisions Against Merchant Cash Advances Has Been Overturned
MCAs have sat on comfortable legal footing in New York ever since an appellate court ruled in favor of Pearl Beta Funding, LLC against Champion Auto Sales, LLC in 2018, but even so, ... Read more

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