"New York Attorney General Sues Cash-Advance Operation for Predatory Lending Practices"

New York Attorney General Letitia James has filed a lawsuit against Yellowstone Capital and related companies, alleging that they exploited struggling small businesses by issuing fraudulent loans at interest rates as high as 820%. The operation, which allegedly rebranded as Delta Bridge, continued issuing illegal loans disguised as merchant cash advances, resulting in severe financial challenges for the affected businesses. James is seeking at least $1.4 billion for the impacted small businesses and is also asking for a court order to bar the companies and their affiliates from continuing the operation.