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Senate bill would bar Confessions of Judgments, including for Merchant Cash Advances (MCA)

In what may be a response to the Bloomberg article that discussed Merchant Cash Advances or MCAs, Sens. Rubio and Brown introduced federal legislation on December 6, 2018, to prevent confessions of judgments and related instruments. The text of the… Read More
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Article from ABF Journal Explains how Courts have Treated Merchant Cash Advances (MCA)

In the November/December issue of the ABF Journal, attorney Jefferey Wurst explains the different types of MCAs and how Courts have ruled regarding the vehicle. (See  http://www.abfjournal.com/%3Fpost_type%3Darticles%26p%3D78264?utm_source=AB… Read More
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According to a Recent Businessweek Article - Merchant Cash Advances are Wreaking Havoc on Small Businesses

In an earlier blog post FactorLaw discussed Merchant Cash Advances, which is a form of financing that appears to be marketed to certain types of small businesses, according to an article dated November 20, 2018 published in Businessweek (https://www.… Read More
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Ariane Holtschlag testifies before House Judiciary Committee

FactorLaw is proud to announce that our Partner, Ariane Holtschlag, testified on September 27, 2018, before the House Judiciary Committee.  Ariane testified as a member of the American Bankruptcy Institute’s Commission on Consumer Bankruptcy a… Read More
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5 Mortifying Reasons Mortgage Applications End Up in the 'Reject' Pile

Just read an interesting article in Realtor.com explaining why mortgage applications are sometimes denied (See realtor.com).  According to the article a recent Federal Reserve study concluded that one out of every eight home loan applications (12%)… Read More
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Experts predicting increased ilIiquidity and link it to the climate that led to the 2008 crisis

According to a recent report by Morgan Stanley (See www.businessinsider.com/equity-credit-asset-market-moves-illiquid-2018-7) “[m]arket liquidity across assets is in decline” and  “low liquidity were the fundamental triggers of th… Read More
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America is heading for a level of income inequality that hasn't been seen since 1928

Economists have noted that the level of income inequality between the top 1% and the rest of the country is approaching levels last seen in 1928, which, of course, was just before the tragic financial meltdown that pre-dated, or even caused, massive… Read More
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New Bankruptcy Rules Proposed for Student Debtors

This article in U.S. News and World Report provides a useful summary of some current efforts to address burgeoning student loan problem.  Well worth the read.  (https://www.usnews.com/education/blogs/student-loan-ranger/articles/2018-07-18/what-to… Read More
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Inflation-adjusted Wages Slipping in Second Quarter

According to a recent report (https://www.bls.gov/news.release/wkyeng.nr0.htm), median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876 in the second quarter of 2018 (not seasonally adjusted), the U.S. B… Read More
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Is a Recession on the Horizon

According to an article in the Business Insider http://www.businessinsider.com/bond-yield-curve-spread-inversion-recession-2018-7, a key metric for the onset of a recession is leaning towards a downturn. In this case, the yield on 10-year US Treasury… Read More
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