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Mayor Emanuel Announces New Campaign to Help Small Businesses Avoid Predatory Lending Practices

Mayor to Press State and Federal Agencies to Establish Regulations for Business-to-Business Lenders

CHICAGO–(ENEWSPF)–January 16, 2015.  Mayor Rahm Emanuel is bolstering the City of Chicago’s support for small businesses with the launch of a new campaign to help business owners avoid predatory lending practices. In recent months, Business-to-Business (B2B) lending companies like Merchant Cash Advance (MCA) have accelerated their marketing efforts, resulting in numerous small businesses taking loans they cannot afford. The new campaign will…

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