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06-18-2014, 11:56 AM #1
Regulation Post I Came Across
Saw this on a website this morning.. Wonder who is starting such a rumor.
articles
Regulators are coming, and the rumor is it's happening quickly.
Author: Mike Bileu
Rumor has it that the Merchant Cash Advance industry is going to be regulated at a federal level soon with individual states to follow; We knew it would happen eventually- There is talk of granfathering ISOs in so long as they have six months in the industry, but they will be required to take a test. In addition ISOs will be expected to accumulate Continuing Education credits also, similar to the Mortgage/Real-Estate industry.
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