RBFC Denounces Predatory Practices Highlighted in NY Attorney General Lawsuit

Mar 6, 2024

The lawsuit filed by New York State Attorney General Letitia James against Yellowstone Capital and its affiliates includes serious and unsettling allegations of fraudulent and predatory practices. These represent a stark violation of the ethical standards that responsible organizations in the financial services sector must uphold, and we deplore such practices. The Revenue Based Finance Coalition (RBFC) is not affiliated with Yellowstone Capital or any of its subsidiaries, affiliates, or associated individuals. RBFC was founded to uphold the highest standards of integrity in the financial services sector, promoting transparency, ethical practices, and responsible financial solutions to empower small businesses and foster economic growth. Our coalition advocates for responsible and transparent financial practices that prioritize the success of small businesses, and the allegations contained in Attorney General James’ lawsuit further underscore the importance of maintaining ethical business practices and accountability across the industry.