Mar 6, 08:00 AM

NY AG Letitia James sues Yellowstone Capital, lenders for $1.4B, predatory lending, rates up to 820%

New York Attorney General Letitia James has filed a lawsuit against Yellowstone Capital and other lenders, seeking at least $1.4 billion for allegedly engaging in predatory lending practices that exploit small businesses. The suit accuses the lenders of issuing fraudulent loans with interest rates as high as 820%, targeting businesses like Manhattan's City Bakery.

#New York #Letitia James #Yellowstone Capital #Manhattan #City Bakery

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