Credit, Debt, & Lending
Notable actions
Attorney General James secures over $2 million for small businesses victimized through fraudulent leases
Leasing Expenses Co. and NLS Equipment Finance LLC illegally entered into and enforced abusive, overpriced leases with small businesses for credit card processing equipment. Business owners who made payments under these fraudulent leases can file a claim with the administrator, A.B. Data Ltd.
Read more about the Leasing Expenses Co. restitution
Settlement with Yellowstone Capital
The OAG has settled a lawsuit against Yellowstone Capital for making illegal high-interest loans to small businesses disguised as merchant cash advance transactions. All merchant debt is automatically canceled under the settlement.
Read more about the Yellowstone settlement
Information about student debt relief companies
Many consumers have federal student loans issued by the United States Department of Education (DOE). The DOE offers various programs to help consumers with respect to their federal student loans. Consumers can apply for these programs themselves for free.