FTC Files Amended Complaint Seeking Civil Penalties Against Small Business Financing Providers
June 15, 2021
June 15, 2021
WASHINGTON, June 15 -- The Federal Trade Commission issued the following news release:
In a newly filed amended complaint, the Federal Trade Commission alleges that merchant cash advance provider RCG Advances and other defendants made multiple unauthorized withdrawals from small businesses' banks, sometimes taking thousands of dollars more than the agreed repayment amount.
The amended complaint also alleges that RCG, formerly known as Richmond Capital Group, LLC and als . . .
In a newly filed amended complaint, the Federal Trade Commission alleges that merchant cash advance provider RCG Advances and other defendants made multiple unauthorized withdrawals from small businesses' banks, sometimes taking thousands of dollars more than the agreed repayment amount.
The amended complaint also alleges that RCG, formerly known as Richmond Capital Group, LLC and als . . .