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Expert Analysis

Loper Fuels Debate Over Merchant Cash Advances As Credit

By Moorari Shah, Mehul Madia and Beineng Zhang (August 13, 2024, 5:27 PM EDT) -- In December 2023, the Revenue Based Finance Coalition, a trade association whose members provide funding to small businesses, filed suit in the U.S. District Court for the Southern District of Florida, challenging rulemaking by the Consumer Financial Protection Bureau under Section 1071 of the Dodd-Frank Act.[1] ...

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