Importance of Precise Language in a Merchant Cash Advance Agreement In the Merchant Cash Advance (MCA) space, lenders must be extremely cautious about the syntax governing their Merchant Agreements. Given MCA’s notoriously high default rates compared to traditional loans, the burden falls on the MCA company—also known as the Secured Party—to ensure their Merchant Agreement’s ... Merchant Cash Advance Contracts
The Trump administration claims to advocate for small businesses, however; the imposition of an additional 25% tariff against cash registers and POS terminals (“devices”) could have a detrimental impact on those same businesses. The tariff has been proposed as a response to China’s growing use of discriminatory trade and investment policies which place innovative U.S. ... GR And Tariff WG’s
Global Legal Law Firm merged with the Ghilezan Law Firm and will operate as Global Legal Law Firm. The merger is expected to create a more comprehensive infrastructure, reduce response times and expand areas of legal expertise. "This is a merger of two highly compatible firms," Global Legal representatives stated. "Our companies have worked together ... Global Legal, Ghilezan firms merge
The Office of the Controller of Currency announced recently that it plans to “modernize” the Community Reinvestment Act, which is meant to encourage depository institutions to meet the needs of the communities.The updated CRA is supposed to increase the types of lending that would be counted for CRA compliance, including small business lending. Essentially, this ... MCA Collections ~ Speed and Efficiency are Key for Debt and Default Recovery
All ISOs, processors, and banks want to acquire as many MIDs as possible. But with market saturation, profit margins are at an all-time low. And with increased external scrutiny on the banks and processors and self-regulation being forced down to the processor, ISOs, and agents; banks and processors are less likely to approve certain merchants ... Get High-Risk Merchants Approved Through Any Processor!
ISOs make money on merchant processing agreements (“MPA”) and payment processing equipment leases (“Lease”) in limited circumstances. Generally speaking, ISOs generate income during the boarding stage, through fees, and via residuals during the life of an MPA. If a merchant fails to process the full term (“Early Termination”) of a Lease or MPA after boarding, ... ISO’s Can Do More To Keep Collections On Their Terms
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