(Bloomberg) — Yellowstone Capital LLC, a pioneer in a type of unregulated financing referred to as vendor advance loan, had been accused by federal regulators of deceiving small-business clients, striking all of them with shock charges and overcollecting on debts.

The Federal Trade Commission filed a lawsuit against Yellowstone in federal court in Manhattan on Monday claiming the company involved with misleading and business that is unfair and asking a judge to purchase restitution for clients. Continue reading →