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Violation Tracker Individual Record

Company: Yellowstone Capital
Penalty: $9,800,000
Year: 2021
Date: April 22, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Yellowstone Capital, a provider of merchant cash advances, agreed to pay more than $9.8 million to settle Federal Trade Commission charges that it took money from businesses' bank accounts without permission and deceived them about the amount of financing business owners would receive and other features of its financing products.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.