Thursday, April 22, 2021

FTC says Yellowstone wasn’t faithful to claims it made to small businesses

Bureau of Consumer Protection. Business Alerts From the Federal Trade Commission

By Lesley Fair

Yellowstone – the majestic national park – is known for Old Faithful, roaming bison, and vistas to take your breath away. According to a 2020 FTC complaint, Yellowstone – the merchant cash advance provider – was unfaithful to its promises, buffaloed small business owners, and made illegal withdrawals that took their cash away. A settlement will return more than $9.8 million to customers and includes injunctive provisions to change how Yellowstone does business.

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