Monthly Archives: November 2017

MCA Funder Fails to Defend Usury Counterclaim, Court Voids Agreement and Awards Damages to Defendants

An Florida MCA funder filed a breach of contract action against a business. The funder alleged that the business had failed to remit payments required by the merchant agreement. The funder sought to recover the amounts owed from the business … Continue reading

Posted in Criminal Usury, Florida, Merchant Cash Advance, Sale vs. Loan, State Court, Usury Cap | Comments Off on MCA Funder Fails to Defend Usury Counterclaim, Court Voids Agreement and Awards Damages to Defendants