News
Friday, September 11
as it happens
Breaking
Filings, failures and fundings — reported the hour they land.
Breaking: Apex Capital Group Files for Chapter 11 Bankruptcy Protection
One of the MCA industry's largest direct funders with $1.2B in annual originations has filed for bankruptcy, citing rising default rates and liquidity constraints. The fallout could impact hundreds of broker relationships.
Exclusive: Major MCA Funder Under SEC Investigation for Investor Fraud
Federal investigators are examining whether a top-20 MCA funder misrepresented portfolio performance data to institutional investors. The funder has not been publicly named.
Everest Business Funding Launches $2M Healthcare MCA Program — New Opportunity for Brokers
The New York-based funder unveils a specialized merchant cash advance program for medical practices, dental offices, urgent care centers, and veterinary clinics with funding up to $2M and extended 24-month terms.
Breaking: CFPB Issues Interpretive Rule Classifying Some MCAs as Loans
In a landmark move, the Consumer Financial Protection Bureau has issued guidance that certain MCA products with fixed payment schedules should be classified as loans under federal law.
CFPB Finalizes Section 1071 Rule: What It Means for MCA Funders, Brokers, and Compliance
The Consumer Financial Protection Bureau's Section 1071 rule will require MCA funders to collect and report demographic lending data starting in 2027. Here's a complete breakdown of who's affected, what's required, and how to prepare.
