FTC Complaint Against Cash Advance Provider

On 8/3/2020, the Federal Trade Commission (FTC) file a law suit against Yellowstone Capital and associated employees. The complaint alleges that the cash advance servicer “ used deception to lure small business customers, then regularly withdrew money from their accounts without consent even after the customers had repaid the money they owed.”

The full complaint can be found here.

New HMDA FAQs

New FinCEN FAQs on CDD