Newsletter Sent On: 01/07/2021

It’s Official, Merchant Cash Advances Not Usurious in Florida Read more

Greenbox Capital Comments on Landmark Florida Legal Victory
Greenbox Capital was the victor of a major lawsuit argued before Florida's Third District Court of Appeal that conclusively established the legality of merchant cash advances in the state. Read more

A Half-Million Dollar Ad on deBanked
In early 2015, deBanked signed up a customer that was interested in paying with Bitcoin. So we priced it out and we agreed that about one month of advertising on our website combined with an ad in a s... Read more

States and DC Sue OCC Over True Lender Rule
A coalition of eight Attorneys General sued the Office of Comptroller of the Currency (OCC) over its recently finalized True Lender Rule Read more

BTC Hits $38k
The ride up seems to have no end in sight... Read more

Additional OnDeck Employees Set Their Sights Elsewhere
On New Year's Day, OnDeck Head of Business Development Kevin Chin announced he was parting ways with the company and joining Avant. Read more

ForwardLine Secures New Credit Facility
The new senior credit facility comes from funds managed by the Alternative Credit strategy of Ares Management. As part of this announcement, the company also shared that it has raised additional capital from Five Oceans Capital, a long-term investor in the company. Read more

Larry Chiavaro Named CEO of Remitter USA
Remitter is a white labelled digital communications platform powered by artificial intelligence that helps lenders maximize revenue by reducing delinquencies and increase payments by optimizing customer engagement. Read more

Coming Soon: Mandatory APR Disclosures in NY for Commercial Finance Transactions
NY Governor Cuomo signed SB5470B at midnight on Christmas Eve. Read more

Old Hill Partners Provided $30M Credit Facility to MCA Firm
Old Hill didn't disclose who the MCA firm was but they said that they thought the industry was in the process of emerging from a challenging period and represents an attractive alternative credit opportunity Read more


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