Take Back Control: Void Illegal MCA Agreements After $1 Billion Ruling!
Join the Fight Against Predatory Lenders: Leverage the Landmark $1 Billion Judgment to Protect Your Business Today
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Our Whistleblower Services
At MCAWhistleblower, we provide a straightforward and user-friendly platform to report abusive MCA interest rates and loans disguised as factoring agreements. Our online service guides you through a series of prompts to ensure your reports are comprehensive and targeted. We focus on exposing and addressing potential usury abuses in Merchant Cash Advances, helping to initiate investigations for consumer protection and prosecution by Attorney Generals within your State.
Why Choose us
Fast and Easy Process
Our platform makes it easy to prepare your complaint in just a few clicks, saving you time and money.
Personalized Service
We recognize that each MCA agreement is unique and may require detailed examination. Rest assured, we are equipped to tailor your response to meet your specific needs effectively.
High Quality Legal Documents
Initiate your dispute and file a complaint in less than 24 hours. We're here to help you respond swiftly and effectively.
Attorney Review
Upon your submission, we may engage an independent contractual attorney to review your dispute before we release the final copy to you. This review focuses on ensuring the accuracy of the documents and does not constitute legal advice.
MCA-Whistleblower - Your Voice to Report Abusive MCA Rates
Senate Bill 5470
🛑 What Is Senate Bill 5470?
Senate Bill 5470 (S.B. 5470) is a New York law designed to protect small business owners from misleading and predatory lending practices — especially those disguised as Merchant Cash Advance (MCA) agreements.
Effective January 1, 2022, this law requires all non-bank commercial financing providers (including MCA companies) to disclose key loan terms in writing before funding, including:
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✅ Total amount of financing
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✅ Total repayment amount
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✅ Annual Percentage Rate (APR)
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✅ Estimated duration of payments
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✅ Total cost of financing (in dollars)
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✅ Prepayment policies
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✅ Comparison table (if multiple offers are made)
⚠️ Why It Matters
If your MCA agreement was issued by a New York-based funder and any of these disclosures were missing, your contract may be in violation of the law — and that can be a powerful tool to challenge:
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Lawsuits
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Frozen bank accounts
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Asset seizures
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Ongoing payments
Most business owners never received these disclosures, and many are now facing default judgments without knowing they had legal protection.
✅ What You Can Do
We scan MCA agreements daily to uncover hidden violations. If your contract is missing these legally required disclosures, you may be able to cancel the agreement, block collections, or even vacate a judgment already entered.
FAQ
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What is a Merchant Cash Advance Whistleblower?A Merchant Cash Advance Whistleblower is someone who exposes unethical or illegal practices within the MCA industry, such as usurious interest rates, deceptive lending practices, or violations of regulatory standards.
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Have any MCA companies been accused of FRAUD?Yes, multiple MCA companies have been accused of engaging in fraudulent activities. Notably, Yellowstone Capital and its founder David Glass, along with Delta Bridge Funding, have been sued by the New York Attorney General, Letitia James. The lawsuit alleges that since at least 2015, these companies operated under multiple aliases and deceived small businesses by misrepresenting the terms of merchant cash advances, resulting in unlawfully high interest rates and aggressive collection practices. The companies, which rebranded frequently, have been accused of continuing their deceptive practices even after initial investigations by regulatory authorities. The Attorney General's office is seeking substantial financial redress for affected businesses and has imposed industry bans on key individuals involved.
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Have any MCA Companies been fined for their involvement in fraud?Yes, MCA companies have been fined and ordered to pay significant penalties for their fraudulent practices. In February 2023, the New York Attorney General Letitia James announced a $77 million judgment against three MCA companies: Richmond Capital Group, Ram Capital Funding, and Viceroy Capital Funding, along with their principals. These companies were sued for exploitive lending practices including charging unlawfully high interest rates, imposing undisclosed fees, and fraudulently securing judgments against small businesses. As part of the judgment, these companies were required to cease all collections, rescind all loan documents, and repay any unfair interest, in addition to each paying a $2,000 penalty. This judgment highlights the legal consequences faced by MCA companies engaging in unethical business practices.
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How can I safely report MCA fraud or abuse?Reporting can typically be done through regulatory bodies, such as the Consumer Financial Protection Bureau (CFPB) or state attorneys general offices. Some platforms also offer confidential or anonymous reporting mechanisms. We offer this mechanism after we have worked with you to rescind your loan agreement with your lender.