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Cash advance industry uses confession of judgment to rob small businesses

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Bloomberg Businessweek's Zeke Faux discusses how the cash advance industry is impacting small businesses:

Bloomberg Businessweek: How an obscure legal document turned New York’s court system into a debt-collection machine that’s chewing up small businesses across America

Since the story was published a couple of weeks ago, Seantors Brown and Rubio have introduced a bill that would prohibit confessions of judgment:

Senators Call for Ban on Tactics That Devastate Small Businesses

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