who is the attorney for northern leasing

Do I need a lawyer to deal with Northern leasing?

Feb 27, 2021 · Attorney General James Shuts Down Northern Leasing Spinoffs for Continuing to Prey on Small Businesses. NEW YORK – New York Attorney General Letitia James has won another major victory to protect small business owners in New York and across the country from predatory and deceptive business practices. A decision and order, issued yesterday ...

Why is Northern leasing being sued in New York?

Jun 09, 2020 · Bans Northern Leasing from Engaging in Business Practice of Equipment Leasing. NEW YORK – New York Attorney General Letitia James has won a major victory in New York State Supreme Court that will deliver much needed relief to thousands of small business owners across New York and the rest of the nation. The sweeping decision will void what are potentially …

How do I get in contact with Northern leasing?

Jun 10, 2020 · The settlement also bars Northern Leasing from going after the remaining $7 million it had yet to steal from small businesses. Attorney General Schneiderman touted the victory as a feather in his office’s cap and said, “This settlement sends a clear message that deceptive business practices will not be tolerated in New York.”

What is the Connecticut Attorney General doing about Northern leasing?

attorney general james’ victory will also force northern leasing and related entities, northern leasing’s chief executive officer, and others who engaged in the fraudulent scheme to provide...

Is Northern Leasing still in business?

In February 2021, New York Attorney General Letitia James issued a decision and order in February 2021 effectively shutting down Northern Leasing Systems' alleged attempt to continue to enforce illegal leases, including those voided in the 2020 decision.

What is MBF Leasing?

MBF Leasing is a merchant account equipment lease provider and DBA of Northern Leasing Systems. In addition to Northern Leasing and MBF Leasing, the Northern Leasing family of companies includes Lease Finance Group, Golden Eagle Leasing, and Lease Source-LSI, LLC.Jan 5, 2022

Where is Northern Leasing located?

Northern Leasing is based in 132 W 31st St Fl 14, New York, NY , and Jay Cohen is listed as the founder and president of Northern Leasing Systems.

What happened to Northern Leasing?

In June 2020, the New York Attorney General won the 2016 lawsuit filed against Northern Leasing Systems, Inc, voiding thousands of fraudulently-induced credit card equipment leases. The ruling also vacates nearly 30,000 default judgments and bans Northern Leasing from engaging in equipment leasing, effectively dissolving the company. The Attorney General’s victory will also force Northern Leasing and its related entities, Northern Leasing’s chief executive officer, and others who engaged in the fraudulent scheme to provide restitution to small business owners who were fraudulently induced into financing leases for credit card processing equipment from April 1, 2013 through the present. Northern Leasing is ordered to dissolve 60 days after providing relief. Restitution amounts are to be set by the court at a later date. Small business merchants are not required to take action at this time in order to receive restitution.

How long is a Northern leasing contract?

The standard Northern Leasing Systems contract (available below) is a non-cancellable 48-month agreement, which means that upon signing the lease, merchants are obligated to pay the full cost of the four-year lease whether they use the equipment or not. The full cost of a standard Northern Leasing contract appears to be several thousand dollars, often up to ten times the cost of purchasing the leased equipment independently. To terminate the contract, merchants can either notify Northern Leasing of their intent to terminate the contract, return the equipment, and pay the remaining balance; or they can purchase the equipment and pay the remaining balance. Either way, they will be on the hook for the remaining monthly payments. It appears to be standard company policy to simply withdraw the amounts owed on delinquent accounts in monthly or lump sums, often without ever notifying the merchant.

Does Northern Leasing offer credit card processing?

Northern Leasing does not appear to directly market its services to merchants, preferring instead to act as the designated third-party equipment provider for numerous ISOs across the country. This means that many ISOs include a lease agreement with Northern Leasing in their standard credit card processing contracts, and as a result, many merchants find themselves signed up for a 48-month equipment lease through Northern Leasing without ever having interacted with a Northern Leasing sales representative. This appears to be a major cause of merchant confusion.

Is MBF Scamming LLC a positive sign?

This is not a positive sign for the company’s customer service, as a high number of merchants apparently felt that they were better off talking to each other than they would be talking to the company itself.

New York Attorney General seeks to shut down Northern Leasing

The New York Attorney General filed a significant lawsuit today seeking to vacate Northern Leasing’s judgments against small business owners and also seeking to DISSOLVE THE COMPANY.

Trying to cause a default?

As I was working on my budget for my business, I noticed that my Northern Leasing payment was not among my expenses in February or March.

The latest on my BBB complaint

On February 3, after rejecting Northern Leasing’s first response to my BBB complaint, I received their second response. In it, they gave me a one-time chance to buyout the lease by paying $1700 for the privilege of returning the equipment and ending the lease.

Northern Leasing Responds to BBB Complaint Jan 2016

You can read it yourself. Northern Leasing responded by, not surprisingly, citing chapter and verse from their extremely well-worded lease that has no escape.

Adding my BBB complaint to the 461 already filed

In early January, I became very motivated to pay off all my debt, a la Dave Ramsey. So I wrote down all my debts and leases in order from smallest to largest. And there was Northern Leasing.

Oh, Did We Forget to Tell You About the Annual Fee?

In December, in addition to the 58.69 I have to see on my bank transactions each month that makes me curse, there was an additional charge from Northern Leasing of $25.

Getting the Monthly Payment Surcharge Removed

Once I began digging into the lease paperwork more thoroughly, I realized that the amount shown as my monthly payment to lease the credit card terminal I will never use was less than what I was being charged.

Michael Kasen

If the lawsuit was filed only against the former business and not against you personally two issues jump out at me.#N#First, and probably most important, no judgment should have been entered against you personally, only against the former business. This would make it improper for any bank account that isn't in the businesses name to be garnished...

Arthur Lebedin

Unfortunately this is not the first time we have seen this situation arise. We have often dealt with Northern leasing and the office of Joseph Sussman. They generally look to settle many of the debts that they sue for from our experience. The New York Attorney General has looked into their practices as well.

Kevin Christopher McGee

Have you tried searching the AVVO site for attorneys in your area? Try under both "Bankruptcy" and "Litigation".