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PUBLIC SERVICE ANNOUNCEMENT: Fantastic Continuing Education / Networking Event for Asset-Based Lenders & Factors


The International Factoring Association North East Chapter (“IFA/NE”) is hosting what promises to be an excellent event for asset-based lenders and factors, as well as companies that borrow from them, and their respective advisors.

One Event – Two Panels

The event will consist of two panels, each an hour and fifteen minutes in length, with networking before and after. You can register for the event here.


When and Where

Doors open at 2 pm for networking.

Panel #1, Usury Hot Topics, begins at 2:15 pm.

Panel #2, How ABL’s & Factors can Interact with Fintechs and MCAs, begins at 3:00 pm.

Networking resumes at 4:15.

Location: Arno’s Ristorante in Midtown.

Cost: $75 for non-members of IFA/NE.

DailyDAC is proud to be the media sponsor for the event.


Session #1 – Usury Hot Topics

2:15pm – 3:30pm

Session #1, Usury Hot Topics, will be presented by Daniel J. Barkin and Richard Simon, both with Mandelbaum Salsburg PC.  Topics will include:

  • Usury Basics Overview– Civil v. criminal law. What constitutes “interest?” Consequences of violating a usury statute. Forfeiture of usurious interest v. entire loan. Penalties. Usury savings clauses. Choice of law provisions
  • Usury Protection: Bank as the Originating Lender– Federal law and preemption.  Most Favored Lender Doctrine.  Exportation of home state usury rate.
  • Secondary Lending- Valid When Made Doctrine. Madden v Midland Funding. Limits of “True Lender” cases. Secondary Market. Securitized debt. Financing a consumer debt buyer. Financing a finance company; Financing a retailer. Financing small ticket commercial loan market.


Session #2 – ABL’s Interact with Fintechs and Merchant Cash Advancers

3:30pm – 4:45pm

Session #2, How ABL’s & Factors can Interact with Fintechs and MCAs, moderated by William Gallagher of CFG Merchant Solutions.

Bill will be joined by panelists (1) Dean Landis, Founder and CEO of Entrepreneur Growth Capital and Credit Cash; (2)  Andrew Bertolina; (3) Tom Siska of Northmill Capital; and Jacen Dinoff, Founder and CEO of KCP Advisory, Inc. Topics will include:

    • Nuts and Bolts of Lending to a MCA firm
    • Fintech generally
    • Financing MCAs
    • Handling of MCA clients and prospects
    • How to select an MCA provider and product that best meets one’s needs
    • MCA’s as a solution for companies in turnaround
    • Fintech today and where it is headed

Register for the event here.



By the Editorial Staff of Commercial Bankruptcy Alternatives

About The DailyDAC Editors

The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts an similar topics.

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The DailyDAC Editors

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